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Tags: EU | Greece | Bailout

Greece's Tsipras Lays out Prospect of Bond Market Return

Wednesday, 21 June 2017 07:39 AM EDT

ATHENS, Greece (AP) — Greek Prime Minister Alexis Tsipras says his country will "very soon" be in a position to tap bond markets again, which would be Greece's first test of investor sentiment since 2014.

Tsipras told his cabinet that this was a result of last week's deal with European creditors, which eased fears Greece might soon face another brush with bankruptcy.

That's evident in the sharp fall in the interest rates the markets are ascribing to Greek government bonds. The yield on the benchmark 10-year stands at 5.5 percent, way down on the levels seen during the more acute phases of the Greek debt crisis.

For Greece to end its bailout program next year, it will have to be able to tap bond markets for the money it needs to meet its debts.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Greek Prime Minister Alexis Tsipras says his country will "very soon" be in a position to tap bond markets again, which would be Greece's first test of investor sentiment since 2014.Tsipras told his cabinet that this was a result of last week's deal with European creditors,...
EU,Greece,Bailout
133
2017-39-21
Wednesday, 21 June 2017 07:39 AM
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