Sotiris Nikas, (2019), “Risks at Home Mount for Greece in Its First Post-Bailout Year”, Bloomberg Economics, 3 January
After emerging from its steepest economic crisis in living memory, Greece still has a mountain to climb in 2019 if it’s to consummate its comeback with a sustained return to bond markets.
The government plans to issue as much as 7 billion euros ($8 billion) of new debt this year, using part of its cash buffer to repay some International Monetary Fund loans early. The finance ministry could test markets with a short or medium-term note as soon as this month if market conditions allow it, according to a person familiar with the matter.
That’s going to be a tough ask. While the external market will continue to have a bearing — as it did last year when contagion from Italy helped prevent Greek government bond yields from dropping — Greece faces three main domestic risks in its first year since exiting its bailout.
- Ferdinando Giugliano, (2018), «Greece Drags Itself Back Toward Normality», Bloomberg Opinion, 7 December
- Papadimas Lefteris, (2018), «Greece’s slow reforms may delay return of bond profits – sources», Reuters, 20 November