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