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Athens Macedonian News Agency: News in English, 14-04-07

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greece likely to try borrowing from int'l markets as early as next week, Guardian reports

  • [01] Greece likely to try borrowing from int'l markets as early as next week, Guardian reports

    ANA-MPA -- There are increasing signs that Greece is likely to return to borrowing from international financial markets, after almost four years, even as soon as Monday, in order to take advantage of a drop in its borrowing costs, according to a report by Helena Smith, posted in Guardian's Business Live Blog.

    The report says that some bankers in Athens confirmed that preparations are already under way, with the government hiring global investment banks, including JP Morgan and Goldman Sachs, to act on behalf of Greece.

    In addition, the report quotes analysts as saying that Greece's return to borrowing from international markets would signal the end of its debt crisis.

    The report also refers to statements made by Greece's Finance Minister Yannis Stournaras, who however has declined specifying a date for Greece's return to market borrowing, saying that "the global economy is closing in upon Greece in great self-confidence, while spreads continue to drop, and this is a very significant development."


    Athens News Agency: News in English Directory - Previous Article - Next Article
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