As long as the borrower has not misled the lender at the time of taking the loan, the lender bears at least some responsibility for the transaction.

Clear

(net)

Net capital inflow

Net revenue (1 200.2) (960.7) 239.5

Net total 47 818.0

Gross Net

payments a profits and interest c account d of capital e Global balance f

In the lender s view, the 17 interest rate that Greece s government now has to pay for its 10 year bonds accurately reflects the lender s risk in buying Greek government debt.

a Net budget.

2. Net expenditure

Total net expenditure 60 764 824 87 957 782 148 722 606

Total cost (net) 14 683 000

Net amount assessed 39 801.1

Net transfers and adjustments 17 292.4

Net expenditure 74 235 300 85 576 662 159 811 962

Net operating costs

Net amount assessed 1 370.0 139.9 1 509.9

Net amount assessed 884 268

Net amount assessed 2 507 002 171

Net other changes 1 704.5 23.2

Net amount assessed 2 414.4

Net surplus balance 70.9

Net amount assessed 495 240 923

To implement Board apos s recommendation to extend to General Service staff, as from 1 July 1995, the longer term modifications introduced effective 1 April 1992 with respect to Professional and higher category staff.

Seemed clearheaded.

Lender B agrees to provide a revolving loan facility to ABC to finance this process.

4. Net assets and liabilities

Net material product of agriculture

Net service Net payments of Balance on current Net movement

Net transfers and adjustments a

Net transfers and adjustmentsb 17 292.4

Net transfers and adjustmentsc (1 638.0) 1 638.0

Net operating costs

1. Resources Gross Net

2. Net operating cost

2. Net operating costs

NET DECREASE IN LIQUIDITY Notes

O Pure of Essence Our Dearly Beloved

The cause of this vast purity

h Corresponding to net inflow of capital, less net payments of profits and interest.

Total (net) 2 800 000

Net movement of capital e

2. Less net operating cost

Net expenditure Total, line 2