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Why Greece Could Have Returned To Financial Markets Much Earlier

“Why Greece Could Have Returned To Financial Markets Much Earlier”, Social Europe, 22 Ιανουαρίου

Α few weeks ago Athens persuaded private holders of about €30 billion in Greek debt to swap short maturity bonds for five new ones of longer maturity so as to improve market liquidity and push yield rates down before the country emerges from bailouts in August 2018. Actually, the 10-year bond dived swiftly below the 5% threshold within a week to reach 3.8%. With the return to global financial markets, the Greek government has sought also to maximize political gains before the scheduled 2019 elections through the communication of a “success story”.

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