Tags: APFN | EU | Greece | Bailout

Greek Leader: Bond Market Return in 2018 'important Target'

Greek Leader: Bond Market Return in 2018 'important Target'

Monday, 08 January 2018 07:38 AM

ATHENS, Greece (AP) — Greece's prime minister says a full return to markets in 2018 remains an "important target," with the country's bailout funding formally ending in August.

At a Cabinet meeting Monday, Alexis Tsipras cited a steady drop in public borrowing rates as the yield on 10-year bonds remain under 4 percent, touching the lowest level in over a decade.

Greece has depended on international rescue loans since 2010, but the government is at odds with the country's central bank governor, who supports retaining a post-bailout precautionary credit line from lenders.

The government is under pressure to speed up reforms before the bailout exit, and this week is set to present a barrage of legislative proposals that include unpopular measures like limiting labor union powers.

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Greece's prime minister says a full return to markets in 2018 remains an "important target," with the country's bailout funding formally ending in August.At a Cabinet meeting Monday, Alexis Tsipras cited a steady drop in public borrowing rates as the yield on 10-year bonds...
APFN,EU,Greece,Bailout
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2018-38-08
Monday, 08 January 2018 07:38 AM
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