Greece's Clever New Way to Raise Funds...
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File this under "What??"
According to a release from the Greece Ministry of Finance, the nation is about to raise money the old, fashioned way: selling commemorative coins.
From the site (w/ a little editing):
"The Hellenic Ministry of Finance - General Accounting Office is pleased to announce that as of [January 2nd,] 2012 the new €2 commemorative circulation coins with year mark 2012 celebrating 10 years of euro banknotes and coins, will circulate.
The issuing volume is 1,000,000 coins. The design on the center of the coin symbolizes the way in which the euro has become a true global player in the last ten years and its importance in ordinary people's lives (represented by the people in the design), trade (the ship), industry (the factory) and energy (wind power stations). Around the image is written the “2002 2012” as well as the issuing country.
The design of the common side and the edge lettering is the same with the 2€ circulation coins with the normal design."
Well, National Bank of Greece (NYSE: NBG) is still tradeable -- and shortable -- if anyone's interested. Curious people might ask as to why Greece skipped the "businessman with frowny face and empty pockets pulled out" image.
If you're curious as to where you might be able to buy the coins, just wait for one of those early-morning infomercials on CNBC.
According to a release from the Greece Ministry of Finance, the nation is about to raise money the old, fashioned way: selling commemorative coins.
From the site (w/ a little editing):
"The Hellenic Ministry of Finance - General Accounting Office is pleased to announce that as of [January 2nd,] 2012 the new €2 commemorative circulation coins with year mark 2012 celebrating 10 years of euro banknotes and coins, will circulate.
The issuing volume is 1,000,000 coins. The design on the center of the coin symbolizes the way in which the euro has become a true global player in the last ten years and its importance in ordinary people's lives (represented by the people in the design), trade (the ship), industry (the factory) and energy (wind power stations). Around the image is written the “2002 2012” as well as the issuing country.
The design of the common side and the edge lettering is the same with the 2€ circulation coins with the normal design."
Well, National Bank of Greece (NYSE: NBG) is still tradeable -- and shortable -- if anyone's interested. Curious people might ask as to why Greece skipped the "businessman with frowny face and empty pockets pulled out" image.
If you're curious as to where you might be able to buy the coins, just wait for one of those early-morning infomercials on CNBC.
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