Greece is back to market, so what?

With the eyes of most European government turned to the Ukrainian crisis, in the last month Greece problems seemed already an old concern. Investors however seemed to have paid much attention on the issue given the good result on yesterday’s bond sell. As reported by the Financial Times, Greece’s Prime Minister Antonis Samaras declared: “Our five-year bond had a reception that beat all expectations. International markets expressed their confidence in the Greek economy in a way that cannot be questioned.” But is all that glitters gold?

ISPI: Commentary: Greece is back to market, so what? [PDF] http://www.ispionline.it/sites/default/files/pubblicazioni/commentary_longhini_11.04.2014.pdf

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