Greek PM hails "Greekovery" replacing "Grexit"

Greek PM hails "Greekovery" replacing "Grexit"

Greek prime minister Antonis Samaras has hailed revived interest in the country's bonds and stocks as a "Greekovery" to replace last year's "Grexit" catchphrase, Reuters reported.
Greece is attracting some of the cheap funds that are being pumped out by major central banks and feeding an investment boom on stock and bond markets, Reuters noted.
Greek bond yields are at a three-year-low and its stock market has hit a two-year high, helped by praise from foreign lenders for government efforts in getting its bailout programme back on track.
"Until recently, many analysts believed that Greece was a lost case. We proved them wrong," Reuters quoted Samaras as saying during a recent visit to China. "Most of them now witness not a "Grexit" - an exit from the euro zone - but a "Greekovery" - a recovery of the Greek economy."
 
 

 

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