Greece has returned to the bond markets selling debt to private investors for the first time in three years.
The sale of around 3 billion euros of five-year bonds at a yield of 4.6% – that’s lower than in 2014 – was hailed by Prime Minister Alexis Tsipras.
He said:“Greece is coming back to the markets in a successful way and I think this is the most important message and the most significant step in order to finish the unpleasant adventure of memorandum.’‘
The EU’s finance chief Piere Moscovici also welcomed the bond sale. He said:’‘We are conscious that the Greek people have made lots of sacrifices. So it is time for them to see the benefits of those sacrifices with a reformed economy and a stronger society and a country that has recovered its credibility.’‘
Reporting from Athens Euronews’ Nikoletta Kritikou said: “Two years ago all the talk was about the Greek tragedy, now EU commissioner Pierre Moscovici says there can be a new reality which can end in a success story. Moscovici called for all sides to work together so that the bailout programme can come to a successful conclusion in August next year.”