You know what’s even cheaper than Eurozone borrowing rates? Talk.
If Venizelos can get the money cheaper in the bond market he should go and get it, pay back the Troika and then they can go back to running Greece as they see fit.
But I can’t see too many people lining up to lend Greece money for 10 years at 5.8% after they defaulted two years ago. Especially without Lagarde and Co keeping a watchful eye.
Greek 10 year generic yield