GREEK NEWS

The Guardian: Greece successfully holds first bond sale since 2014, but economists say crisis isn’t over – as it happened

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The news that Greece has put its toe back into the financial markets, and not seen it bitten off, helped cheer investors in Europe on Tuesdat.

All the main stock markets rallied, with Britain’s FTSE 100 ending 57 points (0.8%) higher.

The euro also gained ground today, hitting a new two-year high against the US dollar at $1.17.

Naeem Aslam of Think...

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Tsakalotos on new bond issue: ‘Results exceeded our expectations’

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The results from Greece’s attempt to tap the markets with the issue of a new five-year bond on Tuesday had exceeded the government’s expectations, Finance Minister Euclid Tsakalotos said after meeting Prime Minister Alexis Tsipras.

“It was something more than we expected,” the minister said after briefing the prime minister, while putting emphasis o...

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AP: Greek bond issue marks milestone in recovery from bailout

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Greece’s first attempt to finance itself on bond markets since 2014 raised 3 billion euros ($3.5 billion) Tuesday from investors attracted by a high rate of return, in an encouraging sign that the country will be able to smoothly exit its bailout era next year.

The left-led government said the five-year bond issue was more than twice...

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Bloomberg: Greece Raises EU3 Billion in Bond Market Return After 3 Years

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Greece raised 3 billion euros ($3.5 billion) in its first tapping of the bond market since 2014, with investors piling in on expectations the worst may be over for what was once the epicenter of Europe’s debt crisis.

Yield-hungry investors welcomed the new Greek paper, which carried a 4.625 percent yield. The sale by the sub-investment-grade rated...

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NY Times: In Sign of Progress for Greece, Investors Eagerly Snap Up New Bonds

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By LIZ ALDERMANJULY/

Moving to show it has overcome the worst of its financial troubles, Greece issued bonds on global financial markets on Tuesday for the first time in years, in an offering that institutional investors eagerly snapped up.

The sale of five-year bonds, which raised 3 billion euros, or $3.5 billion, was intended to show that Greece...

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Mechanism to restructure corporate debt begins operations in August 3

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An electronic platform of an out-of-court mechanism to restructure corporate debt begins operations in August 3 and the first debt restructuring deals for companies with debts up to 2.0 million euros are expected by the end of the year.

Economy and Development Minister Dimitris Papadimitriou said that the system will perform two major upgrades in...

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