At some point, an expansion of the international loan package for Greece is inevitable, euro-zone policy makers admit.
Credit Suisse and Citigroup are reportedly selling a big loan package for Kohlberg Kravis Roberts' takeover of First Data at 96 cents on the dollar.
To secure a rescue loan package, Nicosia had to find ways to raise 5.8 billion euros so it could qualify for the 10 billion euro bailout package.
Provided that Brazil regains its nerve on fiscal policy and makes every effort to pass the tough measures it promised, the loan package should stay in place.
But Berlin has so far been adamant that it won't agree to increase the size of Greece's loan package, meaning that higher Greek public spending in the near term would need to be offset by deeper cuts later.
Credit Suisse and Citigroup (nyse: C - news - people ) are reportedly selling a big loan package for Kohlberg Kravis Roberts' takeover of First Data (nyse: FDC - news - people ) at 96 cents on the dollar.
"We have a higher documentation fee because documents are not spit out of some loan production package, " says David Loundy, vice president at Devon Bank.
Rather than sell each loan individually, they package pools of the loans into securities, much like a mutual fund, and sell these bonds.
The magazine went further to suggest that they hope the package will convince the markets that loan commitments will cover the potential bond losses and contain the issue from spreading into Portugal and, perhaps more dangerously, into Spain.
It also gives potential lenders of its project financing package encouragement that Hoku will be in a better position to repay loan.
With the revised package of more generous bursaries for students from poor homes and easier loan repayment terms announced by Mr Clarke last week, the most fervent egalitarian now has little to complain about, as some are prepared to acknowledge.
This would entail a delay in the adoption of a new package of spending cuts, which in turn will mean that the next installment of the loan, due in August and worth up to 29 billion euros, will also be set back.
Additionally, when we were considering the stimulus package in early 2008, I proposed to Mr. Paulson that in addition to raising the jumbo loan limits for Fannie Mae and Freddie Mac, we include the GSE reform that the House had passed.
They signed 47 application and disclosure documents, affectionately known as the mortgage application package, pinky-swearing that everything they told us was true and pledging their eternal loyalty until the loan is paid back on time, in full!
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