Daily Archives: November 24, 2011

Eurozone governments: Are “the markets” refusing to lend to you? Turn to “the people” instead.

That is in essence what Belgium is proposing to do, with an appeal to retail investors (i.e. you) to buy the sovereign bonds it is struggling to sell to institutional investors (i.e. Goldman Sachs).

Yves Leterme, prime minister, plugged the bonds-for-the-people in the local press on Thursday, arguing they were a particularly good deal now that Belgium’s institutional muddle has helped send yields to attractive levels.

For those who have not been following Belgian politics in the past 577 days, the country has been run by a caretaker administration since April 2010 while its political class tries to cobble together a new government. Read more