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Tags: EU | Greece | Bailout

Greek Market Jitters Ease on Hope for Bailout Deal

Tuesday, 19 May 2015 08:32 AM EDT

Market anxiety eased in Greece after the country's finance minister, Yanis Varoufakis, said he was confident of reaching a deal with bailout creditors as soon as next week.

Shares were up over 3 percent on the Athens Stock Exchange in early afternoon trading Tuesday, while bond yields retreated from a Monday spike, with the 2-year rate dropping by more than a percentage point to 22.9 percent.

Greece's new left-wing government is struggling to agree on terms for the release of remaining bailout money needed to avoid a summer default.

In Brussels, EU Commission spokesman Margaritis Schinas said the troubled negotiations were making progress, "albeit at a slow pace."

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Market anxiety eased in Greece after the country's finance minister, Yanis Varoufakis, said he was confident of reaching a deal with bailout creditors as soon as next week.
EU, Greece, Bailout
108
2015-32-19
Tuesday, 19 May 2015 08:32 AM
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