Frederick Posted October 27, 2011 Share Posted October 27, 2011 Taken from one of today's Euro deal news reports The eurocrats have also taken a leaf out of the banks' books by planning to set up a new "special purpose investment vehicle" ("spiv" for short, oh dear), as part of the rescue package. It's not yet clear exactly how it will work, but it's expected to hold some of the dodgy debts of "impaired" nations such as Portugal and Greece, and fund itself by issuing bonds to investors – including, hopefully, the Chinese. Link to comment Share on other sites More sharing options...
idun Posted October 27, 2011 Share Posted October 27, 2011 And there was me thinking that they had got it just 'right' with the name for once. [Www] Link to comment Share on other sites More sharing options...
allanb Posted October 30, 2011 Share Posted October 30, 2011 [quote user="Frederick"]... it [the SPIV fund] is expected to hold some of the dodgy debts of "impaired" nations such as Portugal and Greece, and fund itself by issuing bonds to investors...[/quote]Once upon a time there were some investment banks in the USA which took over "subprime" (i.e. dodgy) debts from mortgage companies and funded themselves by issuing bonds to investors...The collapse was only three years ago. Has everyone forgotten? Link to comment Share on other sites More sharing options...
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