Greek 10-year bond yields leap 212 bps
Greek 10-year bond yields shot up on Friday, a day after eurozone finance ministers acknowledged the country’s fiscal progress but failed to break an impasse with the International Monetary Fund over its future bailout targets.
Athens and its European Union and IMF creditors are still at odds over the fiscal goals Greece can achieve after 2018, when its third rescue program ends.
The disagreements have also rekindled fears of a new crisis in Greece, which was forced to sign up to another bailout in July 2015 in order to stay in the eurozone.
Greek 10-year bond yields rose by 212 basis points on Friday.
“The outcome was tougher than what the market had hoped for,” Beta Securities analysts Takis Zamanis told Reuters.
You may be interested
ELSTAT revises surplus down – Deficit at 9.7% in 2020Panos - Apr 23, 2021
Despite the unprecedented global recession, the General Government deficit in 2020 was kept in the single digits. According to the…
Visit the Greek island in the 100 most impressive list in the world (video)Panos - Apr 23, 2021
Ios was recently included in the list of the most impressive islands in the world on the news site Insider.com.…
Daily Mail files anti-trust lawsuit against GooglePanos - Apr 23, 2021
MailOnline/DailyMail.com is suing Google for alleged anti-competitive behavior over the search giant’s ability to exploit its dominance in the ad tech industry…