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Greece expects to record a small primary budget surplus (ie, before interest) of about 0.5% of GDP.
And the savings alone on interest payments by GM and GMAC would be at least $16 billion a year, easily covering the interest of about $3.5 billion to $5 billion a year to the government or its conduit on, say, a $50 billion DIP facility.
Romney reported taxable interest of about $4m for 2011 and $3.3m for 2010.
These lenders, many of whom are poor themselves, charge interest of about 10% a year.
One has a loan with a private lender and is paying an all-in rate with fees and interest of about 22 percent.
It will pay interest of about 15% on the new bonds, compared with an average of 9-12% on those traded in.
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For now that means negative real interest rates of about 0.5%.
Their flagship Garanti Bank issued its own credit card last year, with an annual interest rate of about 200% — typical in Turkey.
The San Francisco company is reportedly hoping to pay borrowers interest rates of about 4%to4.5%5%.
Finally, it appears that the growing interest of faculty about MOOCs, SPOCs or other variations is accompanied by ignorance about the phenomenon.
The ECA is chiefly a trade association, representing the interests of about 2,000 member companies.
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