Commercial Real Estate Finance

Posts Tagged ‘Papandreou’

It was hard to follow the news in the past few weeks without hearing something about the desperate financial situation that Greece has fallen into.  The European Union intensely debated the issue of whether or not the nation should be “bailed out” in some fashion and if so, what form that economic stimulus package should take.  This past weekend, the EU finance ministry finalized a €30 billion aid-package to the nation struggling to meet its sovereign debt obligations.  After receiving the aid package Greece issued about €2 billion in short-term debt, and guess what…it was received with open arms.  Case in point: borrowers that have a shaky future can still get a loan if their balance sheet is beefy enough.  Sure, this is an example of sovereign debt, but the same theory applies in commercial real estate.

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