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2012-03-08

BildZeitung har köpt grekobligationer och säger Nein

The tabloid, with 12m German readers, bought €10,000  of Greek debt in the secondary bond market back in December – at a knock-down €4,815.
On Wednesday it declared it was saying "Nein" to the Greek debt swap, which is trying to force the holders of €206bn of bonds to accept a trimming of about 75pc.

"A debt writedown without Greece's exit from the eurozone does not address the question of how the Greek economy can ever pick up again," said Bild,

in a statement that may delight its readers but embarrass Angela Merkel.

Bild has vowed to give any profits from its bonds to charity

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