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Where there is no law, but every man does what is right in his own eyes, there is the least of real liberty
Henry M. Robert

Ukraine Turns Down Export Loan

13 November, 2012 - 00:00

The government has decided to suspend talks on a $40 million Greek export credit line, and the Greek side has decided to send a letter of corresponding content. According to a previously signed protocol, the loan was to be for five years at the LIBOR rate plus 1.6% annually. Repayment would have begun 2.5 years after opening the credit line. 100% of the loan would have had to be used for purchases of Greek goods and services by Ukrainian enterprises.

 

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