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For what has been happening is that the ECB has been buying bonds in the open markets as a way of reducing the interest rate that Greece must pay on market borrowings.
FORBES: Explaining the Greek Debt Crisis
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The company noted the raised earnings guidance reflected increased sales expectations and shares repurchased through June 30, interest on borrowings, and a lower full year tax rate.
FORBES: It's A Beautiful Day For Tempur-Pedic
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At the mercy of the banks, DeWelt agreed to a two-point increase in the interest rate, to 7.75% on its revolving line of credit borrowings and 6.93% on its term loan.
FORBES: Mismeasurement