Greek bond yields dip even lower than US Treasuries
Greece’s borrowing costs have tumbled to a record low — dipping below even the US — thanks to rising hopes of a renewed bond-buying program from the European Central Bank and the center-right New Democracy party’s sweeping victory in elections last weekend.
This marks a stark turnaround for Athens, which underwent the world’s biggest government bankruptcy in 2012 and is still labouring with one of the largest debt burdens, at about 180 per cent of gross domestic product.
ECB president Mario Draghi has stirred expectations that the Eurozone’s monetary authority is set to ease policy, hopes that were reinforced last week by the nomination of the IMF’s Christine Lagarde as his successor.
You may be interested
Thousands of refugees and illegal immigrants to be removed from apartments and hotels in Greecemakis - May 29, 2020
The Migration and Asylum Ministry announced the start of the operation on June 1, of the eviction of both legitimate…
Muslims to pray in front of Hagia Sophia to put pressure to revert historic site into a Mosquemakis - May 28, 2020
Muslim mosques in Turkey will be reopening from tomorrow, Friday, the day of the fall of Constantinople (Istanbul), with the…
Athens Open Air Film Festival promises unforgettable nights to movie loversPanos - May 28, 2020
The Athens Open Air Film Festival promises movie goers unforgettable cinematic experiences as the summer event organised for the tenth…