In fifty years.
In one of the biggest can kicks of the Greek bailout fiasco, policymakers are currently looking to kick bailout loans into 50 year bonds. The bonds will have no bearing on filling the the potential funding gaps expected in 2014 & 2015 that will require a third bailout.
The moves are seen as another form of restructuring, which may not go down well in certain quarters such as Germany but any move that doesn’t mean further writedowns is likely to be favourable.
