Greek Dep. PM: ‘Trial run’ for market borrowing could come in 2017

23 June 2017
618 Views

Greek government deputy prime minister Yannis Dragasakis said a “trial” foray into the markets by Greece this year “could” take place, in a carefully worded statement made during a television appearance on Thursday.

Dragasakis, considered as one of Greek Prime Minister Alexis Tsipras’ close associates, merely added that testing the market waters was a means to an end. “The goal is to exit (creditors’) supervision and plan our future.”
Greece has been essentially excluded from private sector borrowing for the duration of the ongoing eight-year economic crisis, relying on three consecutive bailouts by institutional creditors, primarily its Euro zone partners.

Queried over last week’s Eurogroup agreement, he referred to the product of compromise, and one that was not what Athens had wanted, but also not what German FinMin Wolfgang Schaeuble had wanted.

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