Rescue fears trigger Greek bond sell-off

Article reports that Greek sovereign bonds suffered a sharp sell-off on the 30 March 2010 as investor concerns over the country’s financial health flared up again.

In spite of mooted support from the European Union and the International Monetary Fund, investors remain concerned that Germany could refuse to provide financial aid if the Greeks fail to meet their deficit reduction targets later in 2010.

ESO: Background information: Greek bond issue will test rescue package http://www.europeansources.info/record/greek-bond-issue-will-test-rescue-package/

ESO: Background information: Eurozone agrees to Greek rescue deal http://www.europeansources.info/record/greek-deal-hammered-out-at-summit-eurozone-agrees-to-greek-rescue-deal/

Kathimerini, 30.3.10: Do not expect miracles (editorial) http://www.ekathimerini.com/4dcgi/_w_articles_columns_100019_30/03/2010_115995

BBC News, 30.3.10: Greece raises 5bn euros from bond issue http://news.bbc.co.uk/1/hi/business/8592647.stm

EurActiv, 30.3.10: Greek bond issue to test EU rescue deal http://www.euractiv.com/euro-finance/greek-bond-issue-test-eu-rescue-news-393069

---