Greece Returns To World Markets For First Time In Five Years
Thursday, April 10, 2014
Greece’s finance ministry says its first return to the markets in four years has seen strong demand, with the country raising $4 billion through five-year bonds at a coupon rate of 4.75 percent.
Today’s bond sale is Greece’s first since 2010, when it became locked out of the international debt market by excessively high interest rates due to a severe financial crisis. It has been relying on international bailout funds ever since.
The BBC’s Andrew Walker joins Here & Now’s Jeremy Hobson to discuss the bond sale. He’ll also talk about a suspected domestic terrorist attack just this morning, when a car bomb exploded outside a Bank of Greece building in Athens. No one was injured.
- Andrew Walker, BBC economics editor in London.