Madrid can confound elite consensus and move aggressively to restructure Spain's
external debt while redefining its participation in the euro, for example by leaving the euro while committing credibly (i.e. with German support) to rejoin the currency union at some specified future date.
Not exact matches
Of the total
debt stock, domesti
debt went up by 20.1 % to GHc64.2 billion,
while external debt rose by 7.9 % to hit GHc74.7 billion.
The data showed that the
external component of the
debt was 74.6 billion cedis, representing 36.9 percent of the GDP,
while domestic
debt was 63.9 billion representing 31.6 percent.
About GHc61 billion of the
debt comes from
external borrowing,
whiles GHc49.2 billion is from domestic borrowing.
Of the total public
debt stock,
external debt was GH cents 21,545.72 million (US$ 11,461.71 million)
while domestic
debt amounted to GH cents 27,132.7 million (US$ 12,559.45 million), representing 47.72 % and 52.28 % of total
debt, respectively.»
Since that time the market for local currency emerging markets
debt has soared past $ 1 trillion,
while external currency
debt has grown from about $ 200 million to $ 500 million.
And
while the noises emanating from larger firms suggest that they are entirely dismissive of the need for
external investment, doubters should recall that even Magic Circle heavyweight Clifford Chance tapped the
debt markets in 2002, raising $ 150 million through a dual - tranche bond issue.