Vanderbilt Political Review Fall 2015 | Page 29

FALL 2015 competitive and ultimately worsened its already bad recession. These factors are all critically important in Greece’s need to acquire other forms of financing. What makes November 10, 2009 a particularly fatal day lies within the international bond market. While bond trading may not be highlighted in the media as heavily as stock trading, bonds play a crucial role in fundraising for companies and governments. Bonds are essentially an I.O.U. that offer interest base