WORLD NEWS FEBRUARY 8, 2019 / 10:24 PM / 2 DAYS AGO
Lefteris Papadimas, George Georgiopoulos
3 MIN READ
ATHENS (Reuters) - After holding up its admission for years, Greece became the first nation on Friday to ratify Macedonia’s membership of NATO after the two states resolved a decades-old name dispute last month.
NATO members signed the accord with Macedonia this week, days after the Greek parliament endorsed an agreement between Athens and Skopje that changes Macedonia’s name to North Macedonia.
Staring down strong domestic opposition from Greeks worried the Balkan neighbor was appropriating Greek heritage, the government of leftist Greek Prime Minister Alexis Tsipras pushed the name change through parliament on Jan. 25
Showing posts with label SYRIZA. Show all posts
Showing posts with label SYRIZA. Show all posts
Monday, February 11, 2019
Tuesday, September 11, 2018
Greece has officially come out of the crisis but it still faces three big challenges
Business insider
Pavel Ramírez, Business Insider España Aug. 23, 2018, 6:14 AM
Eight years and three bailouts later, Greece is seeing light at the end of what has been a very long tunnel: the European Stability Mechanism (ESM) announced last week that Greece had "successfully" emerged from the three-year financial assistance programme agreed between Athens and its international creditors in 2015.
Over three years, the country had to fork out €61.9 billion to finance economic recovery and bank recapitalisation. The ESM reported that the remaining €24.1 billion available under the programme's maximum threshold of €86 billion wasn't needed.
While things are looking up for Greece, its economic data still looks far from ideal and there are major challenges still facing Athens.
Pavel Ramírez, Business Insider España Aug. 23, 2018, 6:14 AM
Eight years and three bailouts later, Greece is seeing light at the end of what has been a very long tunnel: the European Stability Mechanism (ESM) announced last week that Greece had "successfully" emerged from the three-year financial assistance programme agreed between Athens and its international creditors in 2015.
Over three years, the country had to fork out €61.9 billion to finance economic recovery and bank recapitalisation. The ESM reported that the remaining €24.1 billion available under the programme's maximum threshold of €86 billion wasn't needed.
While things are looking up for Greece, its economic data still looks far from ideal and there are major challenges still facing Athens.
Bailout Over, Greece Returning to Stormy Markets
Wall Street Journal
Tsipras is promising some relief from austerity measures while sticking to budget disciplineBy Nektaria Stamouli
Updated Sept. 9, 2018 5:11 p.m. ET
THESSALONIKI, Greece—Greek Prime Minister Alexis Tsipras unveiled his post-bailout economic policy over the weekend, promising some relief from austerity measures while sticking to budget discipline.
His difficulty is that Greece has weaned itself from bailout loans just as bond markets are becoming more volatile again after years of calm.
Greece doesn’t need to borrow from bond markets immediately, thanks to a large cash buffer built up at the end of its eurozone-led bailout. But the country needs to rebuild investor confidence in its bonds if it is to stand on its own feet financially in coming years and avoid turning to emergency loans from Germany and other eurozone governments.
Tsipras is promising some relief from austerity measures while sticking to budget disciplineBy Nektaria Stamouli
Updated Sept. 9, 2018 5:11 p.m. ET
THESSALONIKI, Greece—Greek Prime Minister Alexis Tsipras unveiled his post-bailout economic policy over the weekend, promising some relief from austerity measures while sticking to budget discipline.
His difficulty is that Greece has weaned itself from bailout loans just as bond markets are becoming more volatile again after years of calm.
Greece doesn’t need to borrow from bond markets immediately, thanks to a large cash buffer built up at the end of its eurozone-led bailout. But the country needs to rebuild investor confidence in its bonds if it is to stand on its own feet financially in coming years and avoid turning to emergency loans from Germany and other eurozone governments.
Wednesday, May 2, 2018
RPT-UPDATE 2-Euro zone discusses Greece after bailout, debt relief decisions in June
APRIL 27, 2018 / 7:04 PM / 5 DAYS AGO
Reuters Staff
5 MIN READ
(Repeats to fix technical glitch)
* Greece to return to financing on Aug. 20
* Greece to implement final batch of reforms
* Eurozone to review progress in May
By Jan Strupczewski and Francesco Guarascio
SOFIA, April 27 (Reuters) - Euro zone finance ministers will decide in June on further debt relief measures for Greece and the size of a final disbursement of loans to keep the country liquid after it exits from eight years of international bailouts, officials said on Friday.
Greece’s government bond yields hit a 2-1/2 month low on the news.
Reuters Staff
5 MIN READ
(Repeats to fix technical glitch)
* Greece to return to financing on Aug. 20
* Greece to implement final batch of reforms
* Eurozone to review progress in May
By Jan Strupczewski and Francesco Guarascio
SOFIA, April 27 (Reuters) - Euro zone finance ministers will decide in June on further debt relief measures for Greece and the size of a final disbursement of loans to keep the country liquid after it exits from eight years of international bailouts, officials said on Friday.
Greece’s government bond yields hit a 2-1/2 month low on the news.
Wednesday, April 18, 2018
Hundreds of refugees, migrants cross into northern Greece
By Associated Press April 17 at 5:37 AM
The Washington Post
THESSALONIKI, Greece — Greek authorities say hundreds of refugees and other migrants have crossed the land border with Turkey in the past two days, with illegal crossings in the area increasing significantly following Turkey’s military operation in northern Syria.
Police said Tuesday they detained 370 people the previous day who had crossed the Evros River, which forms a natural border between Greece and Turkey, and another 140 people on Sunday.
The land route from Turkey into northeastern Greece has become increasingly popular as conditions deteriorate on Greek islands, long the preferred route, where strict controls are now imposed on movement and camps are overcrowded.
Authorities have noted a surge in arrivals across the Evros, with 1,658 people detained in March compared to 586 in February and 262 in March 2017.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The Washington Post
THESSALONIKI, Greece — Greek authorities say hundreds of refugees and other migrants have crossed the land border with Turkey in the past two days, with illegal crossings in the area increasing significantly following Turkey’s military operation in northern Syria.
Police said Tuesday they detained 370 people the previous day who had crossed the Evros River, which forms a natural border between Greece and Turkey, and another 140 people on Sunday.
The land route from Turkey into northeastern Greece has become increasingly popular as conditions deteriorate on Greek islands, long the preferred route, where strict controls are now imposed on movement and camps are overcrowded.
Authorities have noted a surge in arrivals across the Evros, with 1,658 people detained in March compared to 586 in February and 262 in March 2017.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Monday, April 16, 2018
Tsipras Fights on All Fronts as Greece Back in the Spotlight
By Elena Chrepa
16 Απριλίου 2018, 8:00 π.μ. EEST Updated on 16 Απριλίου 2018, 3:20 μ.μ. EEST
Economy remains priority in the final race to bailout exit...
...But concerns rising on Turkey, Macedonia, looming election
Bloomberg
Consider what Greek Prime Minister Alexis Tsipras is up against.
As Greece prepares to free itself from an eight-year European bailout, its 43 year-old premier is confronting challenges at home and abroad. On the domestic front: preparations for post-bailout economic life and the first general election since the end of the program, including feuds with both allies and rivals. On the foreign-policy front: increased tensions with traditional rival Turkey and regional instability stemming from a dispute over a neighboring country’s name.
Tsipras’s ability to navigate through all this could determine just how stable the country and its region will be in coming years, experts say, and the European Union, the U.S. and the North Atlantic Treaty Organization are all watching with interest.
“The wo
16 Απριλίου 2018, 8:00 π.μ. EEST Updated on 16 Απριλίου 2018, 3:20 μ.μ. EEST
Economy remains priority in the final race to bailout exit...
...But concerns rising on Turkey, Macedonia, looming election
Bloomberg
Consider what Greek Prime Minister Alexis Tsipras is up against.
As Greece prepares to free itself from an eight-year European bailout, its 43 year-old premier is confronting challenges at home and abroad. On the domestic front: preparations for post-bailout economic life and the first general election since the end of the program, including feuds with both allies and rivals. On the foreign-policy front: increased tensions with traditional rival Turkey and regional instability stemming from a dispute over a neighboring country’s name.
Tsipras’s ability to navigate through all this could determine just how stable the country and its region will be in coming years, experts say, and the European Union, the U.S. and the North Atlantic Treaty Organization are all watching with interest.
“The wo
Friday, April 13, 2018
Greece’s Island of Despair
Text by ILIANA MAGRAMARCH 29, 2018
The New York Times
His brown eyes sunken and flat, Jahangir Baroch had spent another sleepless night in the metal container on the Greek island of Lesbos where he has lived for more than a year.
“There was no electricity in the container last night,” Mr. Baroch, 26, said desperately, at a center for refugees, away from the holding camp in Moria, where he is housed. “It was like a fridge.”
“I want to go to Athens,” said Mr. Baroch, who came from Baluchistan, an embattled province in Pakistan. “If you don’t want me, I want to go to another country.”
“Why am I here?” he asked, somberly.
Others are asking the same question two years after the European Union struck a deal with Turkey aimed at cutting off the route across the Aegean Sea for asylum seekers, many propelled by wars in Syria, Iraq and Afghanistan.
Since then, thousands have remained stranded on Lesbos, unwilling to go back to the countries they left, unable to move forward, toward the opportunity they had hoped to find in Europe. Though the numbers are fewer, they keep coming.
The lucky ones, whose asylum applications are accepted, are eventually shipped to the Greek mainland. Those whose applications are rejected (they can apply twice) are sent back to Turkey as part of the deal with the European Union.
The New York Times
His brown eyes sunken and flat, Jahangir Baroch had spent another sleepless night in the metal container on the Greek island of Lesbos where he has lived for more than a year.
“There was no electricity in the container last night,” Mr. Baroch, 26, said desperately, at a center for refugees, away from the holding camp in Moria, where he is housed. “It was like a fridge.”
“I want to go to Athens,” said Mr. Baroch, who came from Baluchistan, an embattled province in Pakistan. “If you don’t want me, I want to go to another country.”
“Why am I here?” he asked, somberly.
Others are asking the same question two years after the European Union struck a deal with Turkey aimed at cutting off the route across the Aegean Sea for asylum seekers, many propelled by wars in Syria, Iraq and Afghanistan.
Since then, thousands have remained stranded on Lesbos, unwilling to go back to the countries they left, unable to move forward, toward the opportunity they had hoped to find in Europe. Though the numbers are fewer, they keep coming.
The lucky ones, whose asylum applications are accepted, are eventually shipped to the Greek mainland. Those whose applications are rejected (they can apply twice) are sent back to Turkey as part of the deal with the European Union.
Uber to suspend service in Greece after new legislation
APRIL 5, 2018 / 11:10 AM / 8 DAYS AGO
Reuters Staff
3 MIN READ
ATHENS (Reuters) - Ride-hailing service Uber said on Thursday it would suspend its licensed service in Greece after the approval of local legislation which imposes stricter regulation on the sector.
Uber, which operates a licensed service in the Greek capital, has faced opposition from local taxi drivers who accuse it of taking their business.
“New local regulations were voted on recently with provisions that impact ride-sharing services,” Uber said in a blog post. “We have to assess if and how we can operate within this new framework and so will be suspending uberX in Athens from next Tuesday until we can find an appropriate solution.”
Uber operates two services in Athens: UberX, which uses professional licensed drivers, and UberTAXI, which uses taxi drivers.
Reuters Staff
3 MIN READ
ATHENS (Reuters) - Ride-hailing service Uber said on Thursday it would suspend its licensed service in Greece after the approval of local legislation which imposes stricter regulation on the sector.
Uber, which operates a licensed service in the Greek capital, has faced opposition from local taxi drivers who accuse it of taking their business.
“New local regulations were voted on recently with provisions that impact ride-sharing services,” Uber said in a blog post. “We have to assess if and how we can operate within this new framework and so will be suspending uberX in Athens from next Tuesday until we can find an appropriate solution.”
Uber operates two services in Athens: UberX, which uses professional licensed drivers, and UberTAXI, which uses taxi drivers.
Trash-Talking Toward Conflict?
The New York Times
By Nikos Konstandaras
Mr. Konstandaras is a columnist at the newspaper Kathimerini and a contributing opinion writer.
April 8, 2018
ATHENS — In a rapidly intensifying war of words, government officials of the nominal NATO allies Greece and Turkey have been exchanging insults and threats in the past few weeks, recalling conflicts from a shared and bloody history. Relations have rarely been rosy, but the speed with which they have worsened, and the level of vitriol, have raised fears that the two heavily armed neighbors may be trash-talking their way to new conflict.
Adding to those concerns is the awareness that the two most credible mediators between the two sides — the United States and the European Union — appear to have little leverage with Turkey.
Greece and Turkey have played decisive roles in each other’s history, and this determines their relations today. The Greeks rebelled against almost four centuries of Ottoman rule in 1821 and, after years of war (and foreign intervention), won their freedom with the declaration of the Greek state in 1830. Turks commemorate Sept. 9, the date on which Turkish troops entered Izmir in 1922 after routing a Greek invasion force, ending millenniums of Greek presence in Asia Minor and leading to the declaration of a modern, secular Turkey.
Thursday, March 15, 2018
Euro zone to unlock new loans to Greece, working on debt relief
MARCH 12, 2018 / 8:12 PM / 2 DAYS AGO
Francesco Guarascio, Jan Strupczewski
4 MIN READ
BRUSSELS (Reuters) - Euro zone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the bloc’s finance ministers said on Monday, steps that should help underpin its economic recovery.
Greece’s 86-billion-euro bailout program, its third since 2010, is due to end in August and international lenders are debating how to ensure the country makes its exit on a sustainable footing.
Among options under consideration in Brussels are support measures that could run into tens of billions of euros and help ease servicing costs on a public debt pile that, in terms of economic output, is among the biggest in the world.
Francesco Guarascio, Jan Strupczewski
4 MIN READ
BRUSSELS (Reuters) - Euro zone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the bloc’s finance ministers said on Monday, steps that should help underpin its economic recovery.
Greece’s 86-billion-euro bailout program, its third since 2010, is due to end in August and international lenders are debating how to ensure the country makes its exit on a sustainable footing.
Among options under consideration in Brussels are support measures that could run into tens of billions of euros and help ease servicing costs on a public debt pile that, in terms of economic output, is among the biggest in the world.
Greece Is Quietly Backsliding on Reform
Greece needs public sector reform and investment, not more debt-fueled consumption.
By Phylis Papadavid
Bloomberg
Greece’s planned August exit from its third European Stability Mechanism bailout has triggered investor optimism. Its July 2017 bond issuance, the first in three years, was oversubscribed, as were subsequent issuances in February of this year. And yet financial investors should curb their optimism. Greece’s return to the markets, and its economic recovery, are likely to be a bumpy and slow -- especially if it continues to delay key reforms.
By Phylis Papadavid
Bloomberg
Greece’s planned August exit from its third European Stability Mechanism bailout has triggered investor optimism. Its July 2017 bond issuance, the first in three years, was oversubscribed, as were subsequent issuances in February of this year. And yet financial investors should curb their optimism. Greece’s return to the markets, and its economic recovery, are likely to be a bumpy and slow -- especially if it continues to delay key reforms.
Clashes break out in Greece over foreclosures
By Associated Press March 14 at 12:34 PM
ATHENS, Greece — Five people were detained Wednesday during clashes between riot police and protesters attempting to disrupt a central Athens auction of foreclosed properties.
Left-wing activists have stepped up protests in recent weeks against online auctions as the government remains under pressure from bailout lenders to speed up the process and ease the strain on banks stemming from a huge backlog of nonperforming loans.
The auctions are required as part of the country’s international bailout, which is due to end in August. Creditors have also promised to deliver some debt relief for Greece if it fulfils all the conditions of the bailout.
Friday, March 2, 2018
2 Greek soldiers on patrol accidentally stray into Turkey
By Associated Press March 2 at 4:35 AM
The Washington Post
THESSALONIKI, Greece — Greece says two of its soldiers on patrol on the Greek-Turkish border accidentally strayed into Turkey and have been taken to the city of Edirne by Turkish authorities.
The Greek army said Friday the two-man patrol strayed into Turkish territory on Thursday because of bad weather, and that Greek and Turkish authorities were in contact with each other and were undertaking procedures for the two to be returned to Greece.
Most of the Greek-Turkish border is marked by a river, and a fence runs along much of the land section. Some parts, however, aren’t clearly marked, and the area where the soldiers strayed was reportedly in woodland.
Although NATO allies, relations between Greece and Turkey are often strained.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The Washington Post
THESSALONIKI, Greece — Greece says two of its soldiers on patrol on the Greek-Turkish border accidentally strayed into Turkey and have been taken to the city of Edirne by Turkish authorities.
The Greek army said Friday the two-man patrol strayed into Turkish territory on Thursday because of bad weather, and that Greek and Turkish authorities were in contact with each other and were undertaking procedures for the two to be returned to Greece.
Most of the Greek-Turkish border is marked by a river, and a fence runs along much of the land section. Some parts, however, aren’t clearly marked, and the area where the soldiers strayed was reportedly in woodland.
Although NATO allies, relations between Greece and Turkey are often strained.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tuesday, February 27, 2018
Greece enters final round of reform talks with creditors
The Washington Post
By Associated Press February 26 at 11:21 AM
ATHENS, Greece — Greece entered a last round of reform talks with creditors Monday, just five months before the country’s massive rescue program ends — and with the government and central bank publicly disagreeing on how to finance the nation after the bailout.
Government officials said the talks with representatives of Greece’s European partners and the International Monetary Fund in Athens would cover privatizations and energy.
But the negotiations were upstaged by a continued spat between Greece’s central bank governor, Yannis Stournaras, and the government over financing policies after the bailout runs out in August. The country will then have to raise money from international investors in bond markets — at a much higher rate than bailout creditors charge.
Friday, February 23, 2018
Work has begun on whether Greece needs debt relief: EU rescue fund head
FEBRUARY 23, 2018 / 7:54 AM / UPDATED 4 HOURS AGO
Reuters Staff
TOKYO (Reuters) - Technical work has begun to determine if Greece requires debt relief after its expected exit from a bailout program later this year, the head of Europe’s rescue fund said on Friday.
Requiring investors to take a haircut, or accept losses on the value of government debt, would not be part of any restructuring once Greece exits its bailout program, said Klaus Regling, head of the European Stability Mechanism, the euro zone rescue fund.
“The technical work has started so that we are ready by the summer when the program ends,” Regling told reporters after giving a speech in Tokyo.
Reuters Staff
TOKYO (Reuters) - Technical work has begun to determine if Greece requires debt relief after its expected exit from a bailout program later this year, the head of Europe’s rescue fund said on Friday.
Requiring investors to take a haircut, or accept losses on the value of government debt, would not be part of any restructuring once Greece exits its bailout program, said Klaus Regling, head of the European Stability Mechanism, the euro zone rescue fund.
“The technical work has started so that we are ready by the summer when the program ends,” Regling told reporters after giving a speech in Tokyo.
Greece Approves Bribery Investigation Involving Political Elite
By Niki Kitsantonis
Feb. 22, 2018
ATHENS — After 20 hours of acrimonious debate, Greek lawmakers on Thursday approved the formation of a parliamentary committee to investigate accusations linking 10 high-profile politicians to bribery by a Swiss drug manufacturer.
The investigation, which will follow separate and secret votes for each of the 10 politicians, was backed both by members of the coalition government and by some in the opposition. It will examine whether the politicians took kickbacks from the pharmaceutical company Novartis, or were aware of illicit payments.
The list of people to be investigated is dominated by the Greek political elite: It includes two former prime ministers, Antonis Samaras and Panagiotis Pikramenos; the current central bank governor, Yannis Stournaras; and the European Union commissioner for migration, Dimitris Avramopoulos.
Wednesday, February 14, 2018
Turkey Is Out of Control. Time for the U.S. to Say So.
There’s a real danger of a clash between U.S. and Turkish forces. The administration should make clear that it won’t tolerate any more bad behavior—now.
By ERIC EDELMAN and JAKE SULLIVAN February 13, 2018
Following Turkey’s incursion into Syria, the once unthinkable prospect of a direct clash between Turkish and American soldiers has become alarmingly real. Turkey’s current fight, against U.S.-backed Kurdish troops in the northwestern Syria territory of Afrin, is destabilizing enough. But the real risk will come if Turkish President Recep Tayyip Erdogan follows through on his repeated promises to press further east toward the Kurdish-controlled and U.S.-patrolled city of Manbij. The only way to prevent a conflict is for U.S. policymakers to adopt a clear and tough-minded approach to Turkey now, before things get worse.
By ERIC EDELMAN and JAKE SULLIVAN February 13, 2018
Following Turkey’s incursion into Syria, the once unthinkable prospect of a direct clash between Turkish and American soldiers has become alarmingly real. Turkey’s current fight, against U.S.-backed Kurdish troops in the northwestern Syria territory of Afrin, is destabilizing enough. But the real risk will come if Turkish President Recep Tayyip Erdogan follows through on his repeated promises to press further east toward the Kurdish-controlled and U.S.-patrolled city of Manbij. The only way to prevent a conflict is for U.S. policymakers to adopt a clear and tough-minded approach to Turkey now, before things get worse.
Greece, Turkey Try to Calm Tensions After Aegean Sea Crash
The prime ministers of Greece and Turkey worked to calm tensions after Greek coast guard vessel is damaged in a collision with a Turkish patrol boat in Aegean Sea.
Feb. 13, 2018, at 4:58 p.m.
US News
https://www.usnews.com/news/world/articles/2018-02-13/erdogan-warns-greece-cyprus-over-gas-search-aegean-islets
By DEREK GATOPOULOS and SUZAN FRASER, Associated Press
ATHENS, Greece (AP) — The prime ministers of Greece and Turkey worked late Tuesday to calm escalating tensions after a Greek coast guard vessel was damaged in a collision with a Turkish patrol boat in the Aegean Sea, the site of a boundary dispute.
A government official in Athens said Prime Minister Alexis Tsipras of Greece and Turkish Prime Minister Benali Yildirim spoke by telephone about the circumstances of the boat crash. The official asked not to be named pending an official announcement.
Feb. 13, 2018, at 4:58 p.m.
US News
https://www.usnews.com/news/world/articles/2018-02-13/erdogan-warns-greece-cyprus-over-gas-search-aegean-islets
By DEREK GATOPOULOS and SUZAN FRASER, Associated Press
ATHENS, Greece (AP) — The prime ministers of Greece and Turkey worked late Tuesday to calm escalating tensions after a Greek coast guard vessel was damaged in a collision with a Turkish patrol boat in the Aegean Sea, the site of a boundary dispute.
A government official in Athens said Prime Minister Alexis Tsipras of Greece and Turkish Prime Minister Benali Yildirim spoke by telephone about the circumstances of the boat crash. The official asked not to be named pending an official announcement.
Friday, February 9, 2018
Greece Takes Step to Normalcy With Bond as Bailout Nears End
By Sotiris Nikas and Lyubov Pronina
8 Φεβρουαρίου 2018, 12:19 μ.μ. EET Updated on 8 Φεβρουαρίου 2018, 4:52 μ.μ. EET
Country to price seven-year bonds to yield-hungry markets
Debt relief discussion and a new monitoring scheme to come
Bloomberg
Greece will sell 3 billion euros ($3.7 billion) of seven-year bonds in another step toward exiting a bailout program in August that has kept the nation afloat.
The offer for the 2025 notes will price to yield 3.5 percent, inside an initial target of about 3.75 percent, people familiar with the matter said, asking not to be named because they’re not authorized to speak about it. Investor orders for the sale topped 6 billion euros, the people said. Barclays Plc, BNP Paribas SA, Citigroup Inc and JPMorgan Chase & Co. and Nomura Holdings Inc are the bookrunners for the bond.
8 Φεβρουαρίου 2018, 12:19 μ.μ. EET Updated on 8 Φεβρουαρίου 2018, 4:52 μ.μ. EET
Country to price seven-year bonds to yield-hungry markets
Debt relief discussion and a new monitoring scheme to come
Bloomberg
Greece will sell 3 billion euros ($3.7 billion) of seven-year bonds in another step toward exiting a bailout program in August that has kept the nation afloat.
The offer for the 2025 notes will price to yield 3.5 percent, inside an initial target of about 3.75 percent, people familiar with the matter said, asking not to be named because they’re not authorized to speak about it. Investor orders for the sale topped 6 billion euros, the people said. Barclays Plc, BNP Paribas SA, Citigroup Inc and JPMorgan Chase & Co. and Nomura Holdings Inc are the bookrunners for the bond.
Friday, January 26, 2018
Investors Welcome Greece Back Out of the Naughty Corner: Gadfly
The Washington Post
By Mark Gilbert | Bloomberg January 25
As the global elite gathers in Davos for the World Economic Forum, the European Union has been applauded for its political and economic progress in the past year. And nowhere is the bloc’s newfound cohesion more evident than in Greece.
The country has been the main beneficiary of European Central Bank President Mario Draghi’s 2012 pledge to do “whatever it takes” to save the common-currency project -- even if the nation’s debt doesn’t qualify for the central bank’s bond-buying program.
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