Bank of America Merrill Lynch has provided a new committed facility to fund the bond redemption, the company said.

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The loans being promised to Greece only give Greece a little breathing room so it can, for example, make a bond redemption later this month.

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He thinks the Enron gang should be given a chance at redemption a la Michael Milken, the Drexel junk bond king who has made a cause of improving educational opportunities for children since emerging from prison.

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