Greek bond yields dip even lower than US Treasury's
- Written by E.Tsiliopoulos
Featured
Greece’s borrowing costs have tumbled to a record low — dipping below even the US — thanks to rising hopes of a renewed bond-buying program from the European Central Bank and the center-right New Democracy party’s sweeping victory in elections last weekend.
This marks a stark turnaround for Athens, which underwent the world’s biggest government bankruptcy in 2012 and is still labouring with one of the largest debt burdens, at about 180 per cent of gross domestic product.
ECB president Mario Draghi has stirred expectations that the Eurozone’s monetary authority is set to ease policy, hopes that were reinforced last week by the nomination of the IMF’s Christine Lagarde as his successor.
Tagged under
Related items
-
Trump: US-Greece relations are stronger than ever - The Vertical Corridor will strengthen the region's energy security
-
Hermes Expo’s Footprint on America: 35 Years Shaping Greek-American Business Identity
-
ONEX Syros Shipyards: Syncrolift ship lifting system in operation again after 15 years
-
Hollywood comes to Greece - Filming with Brad Pitt about to begin
-
Mitsotakis in India for AI summit - Meetings with Modi and AI gurus
Latest from E.Tsiliopoulos
- Trump: US-Greece relations are stronger than ever - The Vertical Corridor will strengthen the region's energy security
- Hermes Expo’s Footprint on America: 35 Years Shaping Greek-American Business Identity
- ONEX Syros Shipyards: Syncrolift ship lifting system in operation again after 15 years
- Hollywood comes to Greece - Filming with Brad Pitt about to begin
- Mitsotakis in India for AI summit - Meetings with Modi and AI gurus
