Greece announces plans to sell debt for the first time in years
Proposed bond sale offers hope that the country might be preparing to wean itself off international bailouts
New York
GREECE, long Europe's economic problem child, is trying to prove that it has made progress in its recovery efforts, announcing plans to sell debt for the first time in years.
The proposed bond sale, the details of which were released on Monday, offered hope that Greece might at last be preparing to wean itself off international bailouts, totalling 460 billion euros (S$731.9 billion), that it has relied on since 2010 to stay afloat.
The sale is a pivotal moment in the painfully fought efforts of Greece to recover from troubles stemming from the financial crisis that began on Wall Street nearly a decade ago and at one point threatened to break up Europe's currency union.
If investor interest is strong, it would be a landmark moment, not only for Greece but also for the eurozone. If Athens struggles to find buyers, however, the debt sale could represent yet another blow for a country that has only recently started to see signs of a turnaround after nearly veering out of the currency union just…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Discussion on EU-Asean FTA has shifted towards cooperation in specific areas: DPM Heng
US core capital goods orders rise moderately in March
Chinese tourists are again embracing international travel
Abu Dhabi raises US$5 billion with first eurobonds in three years
Thailand’s 500 billion baht handout aims to boost overall economy, not geared to poor: official
German business sentiment rises more than expected in April: Ifo