Greece shrugs off soaring bond yields

Yields on Greek debt soared to fresh highs on the 20 April 2010 amid continuing uncertainty over the country’s capacity to finance its debt at sustainable rates.

Greece’s Finance Minister, George Papaconstantinou, however shrugged off the soaring yields on government bonds, saying the country would be able to borrow next month 'either from the markets or from our [eurozone] partners'.

Negotiations with a visiting team from the International Monetary Fund, the Commission and the European Central Bank on terms of a loan from the fund – expected to reach €10bn-€15bn – were due to start on the 21 April 2010.

ESO: Background information: Greek bail-out teams face hard balancing act http://www.europeansources.info/record/greek-bail-out-teams-face-hard-balancing-act/

BBC News, 19.4.10: Greece debt deal boosts euro value http://news.bbc.co.uk/1/hi/business/8614782.stm

To Vima, 21.4.10: IMF, no thanks (via PressEurop) http://www.presseurop.eu/en/content/article/236521-imf-no-thanks

BBC News, 21.4.10: Greece debt: Government borrowing costs hit fresh high http://news.bbc.co.uk/1/hi/business/8634009.stm

Deutsche Welle, 21.4.10: Debt rescue looks increasingly likely as Greece starts financial talks http://www.dw-world.de/dw/article/0,,5490266,00.html

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