Greek bond yields dip even lower than US Treasuries

12 July 2019
121 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

Metropolitan Bishop Ambrosios of Kalavryta announces resignation
GREECE
shares5 views
GREECE
shares5 views

Metropolitan Bishop Ambrosios of Kalavryta announces resignation

Panos - Aug 19, 2019

Metropolitan Bishop Ambrosios of Kalavryta, performed the farewell function as the head of the Church of Kalavryta. Ambrosios officially announced…

Mykonos and Santorini record highest foreign visitor arrivals at airports in 2019
GREECE
shares10 views
GREECE
shares10 views

Mykonos and Santorini record highest foreign visitor arrivals at airports in 2019

Panos - Aug 19, 2019

Santorini and Mykonos recorded the highest number of airport arrivals from abroad, according to data released by the Hellenic Civil…

Italian tourist dies in jet ski accident in Mykonos
GREECE
shares13 views
GREECE
shares13 views

Italian tourist dies in jet ski accident in Mykonos

Panos - Aug 19, 2019

A tourist from Italy died when the jet ski he was driving overturned in the sea region of Super Paradise…

Leave a Comment

Your email address will not be published.