Bloomberg News

Greece Cuts Spending at Home, Pays Foreign Investors

May 15, 2012

Bloomberg's Mike McKee reports that Greece, which hasn’t had a government for more than a week and whose 10-year debt yields more than 27 percent, is deciding today to pay 436 million euros ($562 million) to bondholders who shunned last month’s debt swap. He speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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