Greece returns to the markets today
Greece returns to the markets today
After four years - The bond issuing at this moment will allow interest rate smoothing of short-term lending
The government confirms that today Greece returns to the markets.
The government argues that the bond issuing is the first step in the process of fully restoring the country in conditions of normal lending. It will continue its effort, though, so as the country will be able to meet its financial needs while supporting the argument that it will not require a new EU aid and the corresponding new memorandum.
The bond issuing at this moment will also allow the interest rate smoothing of short-term lending which had reached at 4.5 % during the worst time of Greek economy. Now it has fallen to 3.1% and after the bond issuing it is expected to be reduced to 1.5%. This will mean an economic benefit that has not been budgeted by the agreement with the Troika and will increase the primary surplus of the current year.
The government argues that the bond issuing is the first step in the process of fully restoring the country in conditions of normal lending. It will continue its effort, though, so as the country will be able to meet its financial needs while supporting the argument that it will not require a new EU aid and the corresponding new memorandum.
The bond issuing at this moment will also allow the interest rate smoothing of short-term lending which had reached at 4.5 % during the worst time of Greek economy. Now it has fallen to 3.1% and after the bond issuing it is expected to be reduced to 1.5%. This will mean an economic benefit that has not been budgeted by the agreement with the Troika and will increase the primary surplus of the current year.
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