Greece ponders high-risk bond move

Author (Person) ,
Series Title
Series Details 18.2.10
Publication Date 18/02/2010
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Article reports that expectations were rising in the markets on the 17 February 2010 that Greece would attempt to issue new bonds in the following week, in a high-risk move to boost their credibility among investors.

But bankers warn another bond syndication disaster could shut the country out of the markets and force the European Union to turn their implicit support for Athens into actual loans.

On the 21 February 2010 Greek Prime Minister George Papandreou told the BBC his country was not looking for an EU bailout to help cut its debt levels. He said that Greece needed political support to enable it to borrow money at the same interest rate as other countries.

Related Links
ESO: Background information: Volatile week for eurozone bonds http://www.europeansources.info/record/volatile-week-for-eurozone-bonds/
ESO: Background information: Greece given month to sway doubters http://www.europeansources.info/record/greece-given-month-to-sway-doubters/
BBC News, 21.2.10: Greece 'not looking for bailout', Papandreou tells BBC http://news.bbc.co.uk/1/hi/business/8526736.stm

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