Greek state bond yield drop to 8-year low
The yield for a 10-year Greek benchmark bond fell to 4.8 percent on Wednesday, a new eight-year low. The last time such a bond was under 5 percent was in 2009.
The development follows a staff-level agreement agreed to between the Greek government and creditors over the weekend, as well as recent data showing that an economic recovery in the country is continuing, albeit at slower rates than forecast.
You may be interested
EU citizens in the UKPanos - Aug 21, 2019
The government and its latest Home Secretary, Priti Patel, has thrown the future of EU citizens in the UK into…
EU Commission Says it “Will Remain by Greece’s Side” One Year After Bailout ExitPanos - Aug 21, 2019
The European Commission issued a statement on Tuesday on the occasion of the one-year anniversary of Greece officially exiting its…
Greek Company Bringing Flavored Ouzo to the MarketPanos - Aug 21, 2019
A Greek company which produces ouzo, has now combined the iconic Greek aperitif with different flavors, and it claims it…