Patriotic Belgians buy €5.7bn of bonds

Author (Person)
Series Title
Series Details 6.12.11
Publication Date 06/12/2011
Content Type

Article reported that Belgium found a novel source to finance its public debt: its own citizens. Over the course of 10 days ending on the 2 December 2011, Belgians purchased €5.7bn of bonds in a special issue targeted at retail investors, effectively lending €520 per inhabitant to their government.

Related Links
ESO: Background information: S&P downgrades Belgium’s debt http://www.europeansources.info/record/sp-downgrades-belgiums-debt/

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