Five billion euros cited in 2018 Greek draft budget from bond issues

5 October 2017
709 Views

Bond issues worth five billion euros within 2018 are foreseen in the draft budget for the year, which was tabled in Parliament on Monday.

Such a prospect would increase the country’s exposure in the bond market from 52.18 billion – as of 2017 – euros to 57.28 billion euros. Greece’s exposure in 2013 was 76.296 billion euros, a figure that eased due to maturing bonds being paid off and no new issues taking place, except for two market forays in 2014 – a year before the “annus horribilis” of 2015.

Expectations that more market “tests” are in store for 2018 refers directly to the end of the third memorandum in August 2018, which means that the leftist-rightist coalition government will be cut free from a guaranteed low-interest credit line from institutional creditors – primarily the ESM – but with a continued supervision by creditors of its fiscal condition and policies.

You may be interested

Weekend escapes near Athens!
GREECE
shares1844 views
GREECE
shares1844 views

Weekend escapes near Athens!

Panos - Jan 17, 2020

Chalkida: the town of “mad waters” There is a reference point, a place of attraction for Athenians and people from…

Greeks can’t find their country on a map
GREECE
shares13 views
GREECE
shares13 views

Greeks can’t find their country on a map

Panos - Jan 17, 2020

Many a video has emerged on social media showing Americans failing to pinpoint countries on a map. Well, it seems…

Experts say Mediterranean sea altered by Suez Canal’s invasive species
GREECE
shares19 views
GREECE
shares19 views

Experts say Mediterranean sea altered by Suez Canal’s invasive species

Panos - Jan 17, 2020

As Egypt marks the 150th anniversary of the opening of the Suez Canal, marine biologists are bemoaning one of the…

Leave a Comment

Your email address will not be published.