All the day’s economic and financial news, as Athens sells debt for the first time in three years
Introduction: Greece returns to the markets
European commissioner Pierre Moscovici is visiting Athens today to hold talks with top political figures, and discuss Greece’s future.
He has already met with president Prokopios Pavlopoulos, who reminded Moscovici that Greece is determined to get debt relief.
We will meet our commitments and when the time comes the partners will do what they have to do on the debt issue, Greek President Prokopios Pavlopoulos said on Tuesday in a meeting with EU Commissioner for Economic and Finance Affairs Pierre Moscovici who is paying a visit to Athens.
On his part, Moscovici said: “We want Greece to return to normality and stay on course. You can count on us.”
Rencontre toujours passionnante avec le Président grec, un Européen convaincu et engagé pic.twitter.com/HAS0voRpS9
Some financial experts have given Greece’s bond sale a thumbs-up.
Lutz Roehmeyer of Landesbank Berlin Investment says it is “perfect timing”.
“It is after getting bailout money, after getting the go ahead for a debt reduction next year, after IMF said it is likely to join the bailout finally, after S&P rating action and still before ECB ends QE and started raising rates.”
“They’ve been doing well,”
“Psychologically, yields are below levels when they last came to the market. And it’s a good time to issue because if ECB starts tapering post summer, peripherals would come under pressure.”
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
#Greece finds out today how 1st foray into bond mkt since ’14 went. Yield, subscription & quality of investors = key https://t.co/oOxPxjKW3F
Related: Greece plans return to bond market as Athens sees end in sight to austerity
“This decision is a significant step, part of Greece’s strategy to regain viable and steady access to international markets.”
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