Greek bond yields dip even lower than US Treasuries

12 July 2019
71 Views

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

Sports Tourism: Pakistan’s street cricketers bring game to life in Greece
GREECE
shares53 views
GREECE
shares53 views

Sports Tourism: Pakistan’s street cricketers bring game to life in Greece

Panos - Jul 19, 2019

In a barren Athens parking lot, young Pakistanis get in position for a game of cricket. On one end of…

Iran seizes foreign tanker, US vows to protect vital Gulf waterway
FINANCE
shares48 views
FINANCE
shares48 views

Iran seizes foreign tanker, US vows to protect vital Gulf waterway

Panos - Jul 19, 2019

Iran said on Thursday it had seized a foreign tanker smuggling fuel in the Gulf, and the U.S. military commander…

Margaritis Schinas will be the new Greek Commissioner
GREECE
shares42 views
GREECE
shares42 views

Margaritis Schinas will be the new Greek Commissioner

Panos - Jul 19, 2019

The person that the new Greek Prime Minister Kyriakos Mitsotakis will propose for the position of the Greek Commissioner is…

Leave a Comment

Your email address will not be published.