EU financial head Moscovici speaking in Athens 25 July

  • positive that Greece is returning to markets
  • Greece is a turning point
  • confident that Greece will successfully conclude bail out programme
  • Greece can return to bond market with logical yields
  • Greece has made significant effort to fix deficits
  • Greece must keep up reform efforts
  • implementation of legislated reforms is crucial
  • Greece's official creditors must respect debt relief measures agreed in latest Eurogroup meeting
  • believes IMF is an important partner in bailout programme

Greece today is selling a new 5year bond and conclude an offer to switch or tender old bonds maturing in 2019, aiming at around 4.875%

Govt bonds currently holding near 2010 lows on the market return.

At the risk of offending our Greek readers, and I'm delighted to see a bond market return, I'm still going to get some mileage out of this pic!

Greece - Getting there