Greek FinMin: Italian volatility making borrowing harder; ready to wait for best time
Reuters quoted Greek Finance Minister Euclid Tsakalotos this week as pointing to turbulence in the Eurozone over the draft Italian budget as making a foray by Athens into sovereign borrowing markets a more expensive prospect, while at the same time emphasizing that he’s “comfortable” to wait for the proper time to seek private funding.
“It has made it a little harder but on the other hand I think markets are now becoming more sophisticated in understanding that Greece has finished its (bailout) program, it has done a huge amount of reforms, it’s got a buffer so that its financing needs are under control for at least 2-1/2 years,” the news agency quoted the formerly UK-based economics professor as saying.
“Also it has got a debt deal that means financing its debt is easier than it is in Portugal and Italy.”
Asked if his government is eyeing a bond sale within the year via syndication, Tsakalotos told Reuters that he will leave the timing up to Greece’s debt agency.
You may be interested
Syriza MPs attacked during the 17th November Polytechnic celebrations (video)makis - Nov 16, 2018
A delegation of SYRIZA MPs that went to lay a wreath in honour of the “17th November Polytechnic” celebration was…
Greek Church Hierarchy rejects Tsipras-Ieronymos plan on clergy payment regimemakis - Nov 16, 2018
The prelacy of the Greek Orthodox Church rejected the draft agreement between Greek PM Alexis Tsipras and Archbishop of Athens…