Greek FinMin: Italian volatility making borrowing harder; ready to wait for best time

30 October 2018
46 Views

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)
GREECE
shares46 views
GREECE
shares46 views

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 regime
GREECE
shares38 views
GREECE
shares38 views

Greek Church Hierarchy rejects Tsipras-Ieronymos plan on clergy payment regime

makis - Nov 16, 2018

The prelacy of the Greek Orthodox Church rejected the draft agreement between Greek PM Alexis Tsipras and Archbishop of Athens…

Gavdos, an island at the end of the Continent
GREECE
shares565 views
GREECE
shares565 views

Gavdos, an island at the end of the Continent

Panos - Nov 16, 2018

Described by Homer as the place where Odysseus shipwrecked on his way back from Troy, Gavdos is a remote island…

Leave a Comment

Your email address will not be published.