Five billion euros cited in 2018 Greek draft budget from bond issues
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
Germany’s Merkel says she’s OK after shaking at ceremony (video)makis - Jun 18, 2019
German Chancellor Angela Merkel appeared unsteady and was visibly shaking Tuesday as she greeted the new Ukrainian leader in the…
The 5 most beautiful places to walk in AthensPanos - Jun 18, 2019
Sometimes, our daily routine prevents us from understanding and admiring the beauty that surrounds us. Stressful jobs, work or family…
Cost for the new railway line Thessaloniki-Kavala-Xanthi at 1.25bn eurosPanos - Jun 18, 2019
One of the major infrastructure projects of the future in the country will be the new, single-track railway line Thessaloniki-Kavala-Xanthi.…