http://noir.bloomberg.com/apps/news?pid=20601087&sid=am8lC.uAMnS8&pos=2
To avert that possibility, Greek Prime Minister George Papandreou’s Cabinet agreed yesterday to sell stakes in Hellenic Telecommunications Organization SA by the end of next month, as well as Public Power Corp SA, Hellenic Postbank SA, and the country’s ports.
“The bond market is the only language policy makers will listen to,” Axel Merk, chief investment officer for Merk Investments Llc said in an interview with Bloomberg Television’sBetty Liu. “Once the bond markets impose austerity on the country that’s when they follow through, when there is a backing off, when things are going better, that’s when they lapse.”
To avert that possibility, Greek Prime Minister George Papandreou’s Cabinet agreed yesterday to sell stakes in Hellenic Telecommunications Organization SA by the end of next month, as well as Public Power Corp SA, Hellenic Postbank SA, and the country’s ports.
“The bond market is the only language policy makers will listen to,” Axel Merk, chief investment officer for Merk Investments Llc said in an interview with Bloomberg Television’sBetty Liu. “Once the bond markets impose austerity on the country that’s when they follow through, when there is a backing off, when things are going better, that’s when they lapse.”
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