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Friday, April 11, 2014

Greece Has Issued the First Eurobonds!

Greece has successfully raised 3 BEUR in capital markets via the sale of a 5-year bond. Finance Minister Stournaras is quoted in the Ekathimerini as saying: "The international markets have expressed in the clearest possible manner their trust in the Greek economy, their trust in Greece’s future. They have shown trust in the country’s ability to exit the crisis, and sooner than many had expected."

Let me rephrase that a bit as follows:

"The international markets have expressed in the clearest possible manner their trust in the continuation of the Eurozone's bail-out policies. They have shown trust in the EU's continued ability to force tax payers to bail out banks and one wonders why it took capital markets so long to figure that out!"


PS: the headline was 'borrowed' from my reader Lennard.

1 comment:

  1. 'successfully' meaning...? Another friendly advice is to start reading also on other sources apart from Kathimerini which is member of the Alafouzos Group, one of the infamous 'Oligarchs'...

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