{"id":456,"date":"2010-07-13T11:20:00","date_gmt":"2010-07-13T15:20:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=456"},"modified":"2018-08-18T17:39:18","modified_gmt":"2018-08-18T21:39:18","slug":"the-greeks-have-done-it","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/07\/13\/the-greeks-have-done-it\/","title":{"rendered":"The Greeks have done it"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">Several weeks ago I gave the heads up that the Greek government announced its intentions to attempt to raise more money by the issuance of more debt.\u00a0 This was a very closely scrutinized event.\u00a0 If the Greeks failed then it would be a vote of no confidence from the international financial community.\u00a0 If the Greeks were to succeed it would be a vote of confidence that the worst of Europe&#8217;s economic problems was behind it.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Today the first Greek debt auction in some time went well.\u00a0 Greece was able to place all of the debt it intended to place, namely 1.625 billion euros.\u00a0 The interest rate on the debt was only slightly higher than that paid in April.\u00a0 This is an indication that the financial markets have calmed down considerably versus May when a full on meltdown occurred.\u00a0 Mitigating against full on champagne corks being popped is that the debt raised by Greece has a maturity of 6 months.\u00a0 So rigidly speaking, the financial markets have only voted that they don&#8217;t think Greece will default in the next 6 months.\u00a0 Not a huge ringing endorsement.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">The Greek government intends to raise more capital in the near future.\u00a0 I will be watching those auctions closely, too.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several weeks ago I gave the heads up that the Greek government announced its intentions to attempt to raise more money by the issuance of more debt.\u00a0 This was a very closely scrutinized event.\u00a0 If the Greeks failed then it would be a vote of no confidence from the international financial community.\u00a0 If the Greeks [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-456","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=456"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/456\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}