by Calculated Risk on 4/05/2010 12:26:00 PM

The Financial Times reports that if (when) Greece needs to call on the emergency loan package from the IMF-Eurozone, Germany officials argue Greece should pay 6.0% to 6.5% on the Eurozone loans - the same as they are currently paying on 10 year bonds. Others are arguing for borrowing rates in the 4 to 4.5% range - similar to rates paid by Ireland and Portugal.

See the Financial Times: German stand on loan rates to Greece

Eurozone leaders agreed at the end of March to offer Greece an emergency loan package from the International Monetary Fund and the eurozone if it was unable to raise debt in the market, but they insisted the interest rate on the European portion of a bail would be unsubsidised.

I guess it depends on the definition of "unsubsidised".

Apparently the Asian central banks are not interested in Greek Bond issues, from the WSJ: Greek Bond May Get Cool Asian Response

"We wouldn't want to be involved" in the bond issue, one fund manager in Hong Kong said. "The fiscal situation in Greece remains very fragile, so we want to wait for a more concrete plan on how to resolve their debt problem."