EU: Greece can tap markets in 2016 if reforms on track

6 December 2015
164 Views

Greece, which received a third international bailout this year, can begin to return to bond markets in 2016 if its reform programme stays on course, a senior EU finance official was quoted on Saturday as saying.

The government is dependent on the eurozone’s rescue fund for most of its borrowing although it continues to issue a limited amount of short-term treasury bills.

“If the programme is on track, as it is today, and stays that way all of 2016, then I reckon access to markets is a feasible target and will be a logical consequence,” Thomas Wieser, chairman of the Eurogroup Working Group, told Greek newspaper Realnews.

The government has begun to implement a tough reform programme following a bailout of up to 86 billion euros agreed in August, but still faces politically sensitive overhauls of the pension and tax system and state administration.

Finance Minister Euclid Tsakalotos told Reuters in an interview this week he saw a 50-50 chance of tapping capital markets before the end of next year.

You may be interested

Syros: Greek tradition & western influence come to a harmonious marriage
GREECE
shares113 views
GREECE
shares113 views

Syros: Greek tradition & western influence come to a harmonious marriage

Panos - Oct 20, 2017

Ermoúpoli (meaning “the city of Hermes”) is the island’s capital town and has been the first important trade and industrial…

Environment may have partially led to the fall of Queen Cleopatra, research suggests
WORLD
shares113 views
WORLD
shares113 views

Environment may have partially led to the fall of Queen Cleopatra, research suggests

Panos - Oct 20, 2017

Environmental records and historic documents suggest a volcanic eruption could have aided the Romans in victory According to a report…

Greek astronomer in Germany discovers spindle-like galaxies
GREECE
shares95 views
GREECE
shares95 views

Greek astronomer in Germany discovers spindle-like galaxies

Panos - Oct 20, 2017

Athanasia Tatsi is another Greek scientist at the forefront of global scientific research this time in the field of Astronomy.…

Leave a Comment

Your email address will not be published.