EU officials are reportedly set to extend Greece’s repayments on 240 billion euros in two bailouts up to 50 years and lower interest rates.
Senor, is this about production of a show by means of placebo effects, market trajectory, the Greek Bond oversubscription, the failed Chinese Bond Auction, and Mr. Nitup? What a week! It had everything. The Greek bond offering was oversubscribed four times while the Chinese bond auction failed!
Protesters angry with Sunday store openings tried to disrupt shopping on Athens’ main street but were teargassed.
After Greece floated a bond, Prime Minister Antonis Samaras has rejected talk a third bailout is needed.
The first Greek sovereign bond in four years proved especially popular with investors from Europe and the US.
An OECD report shows Greece’s economic crisis has been costly to workers whose total tax amounts to 41.6% of the labor cost.
Bank of Greece chief George Provopoulos said the economic recovery he’s been predicting for several years is now finally at hand.
Another piece of Modern Greece’s cultural heritage, the little street kiosks known as Periptera, will become a thing of the past.
Greece has taken a “decisive step to exit the crisis,” Prime Minister Antonis Samaras said after the sale of a five-year, 3 billion euro bond.
Buoyant Greek officials hailed the country’s return to the international debt market after four years as an overwhelming success, with investors snapping up the five-year bond in a sale that was eight times oversubscribed. The Finance Ministry said it had raised 3 billion euros ($4.14 billion) with a 4.75 percent rate, better than the 5 percent goal.