Head of Greek debt office replaced / Greece set for critical test with bond issue

Greece replaced the head of the debt management agency on the 19 February 2010 following two days of rising speculation on markets that it would try to launch a fresh syndicated bond soon.

The departure of Spyros Papanicolaou comes as Greece’s debt crisis remained acute. The country’s eurozone partners have refused to provide specific promises of financial support and it is facing €20bn of maturities due to be rolled over in April or May 2010.

ESO: Background information: Germany to forge aid package for Greece, reports say http://www.europeansources.info/record/germany-to-forge-aid-package-for-greece-reports-say/

ESO: Background information: Greece ponders high-risk bond move http://www.europeansources.info/record/greece-ponders-high-risk-bond-move/

Greece: Public Debt Management Agency (P.D.M.A.) http://www.pdma.gr/(S(smewc5u2v0rwe055pajrvsnw))/fMain.aspx?lang=en-US

ESO: Background information: Greece given month to sway doubters http://www.europeansources.info/record/greece-given-month-to-sway-doubters/

BBC News, 19.2.10: Greece seeks support for debt plan but not bail-out http://news.bbc.co.uk/1/hi/business/8524618.stm

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