Following the Greeks' unenthusiastic backing for the conservative New Democracy Party to form a new government, the noises from New Democracy is that it wants an extra two years to implement spending cuts and tax rises - the austerity programme - whereas the German government may be prepared to offer an extension of the repayment date on Greece's vast debt.

BBC: Greece: Euro exit delayed?

So maybe there's value for the chancellor in advertising to the world that he could if he wanted borrow with no fixed repayment date, such is the stability of British democracy and the UK's record of paying its debts.

BBC: Should Osborne borrow for 100 years?

Donner said the financial support deal will have an interest rate of 14% annually and will begin repayment in 30 equal monthly instalments after the seventh month of the closing date.

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