BUSINESS

Greek bond yields come down

TAGS: Markets

Greek yields recovered on Thursday from a sharp rise a day earlier, as Athens and its creditors hit a snag over reform measures needed to unlock financial aid it requires to pay International Monetary Fund loans maturing in June and July.

Greece and its lenders are almost in full agreement on a package of reforms that has been negotiated for months, but a set of contingency steps requested by eurozone ministers last Friday still needs work, a top European Union official said.

[Reuters]

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