Greece Eyes Bond Market Return by End-2014 – Fin Min

Greece Eyes Bond Market Return by End-2014 – Fin Min

Greece's finance minister Yannis Stournaras said the country could return to the bond markets by the end of next year if the government delivers a primary budget surplus.
As soon as Greece achieves that surplus, it will also get further debt relief under the terms of its bailout agreement with the foreign lenders, Bloomberg quoted Stournaras as saying.
Greece has been unable to sell bonds since March 2010 after it turned to the euro area and IMF for 240 billion euro ($315 billion) of loans under two bailouts.
The European Commission forecast that next year Greece will achieve a primary budget surplus of 1.8% of the gross domestic product (GDP), excluding debt service payments, and GDP will edge up by 0.6%.
 

 

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