Friday, 2 September 2011

The Dirty Dozen - w/e Sep 4th update

Another big one has sneaked into the Dirty Dozen - have a look at the last of the next six due for payment, have a look at the total of the next six. €3.8bn, six bonds, senior unsecured - that's our money, our bank 'liquidity injection' of €18bn of July. And there's more to come - €20bn in bank bonds next year, double that in the two following years. We'll borrow from the ECB to pay that, we'll pay their interest, we'll continue to suffocate our own economy. Protest? Who, us?

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