Saturday November 29, 2014 Search
Weather | Athens
16o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece readies bond sale as Athens car bomb reminds of upheaval

By Marcus Bensasson & Paul Tugwell

Greece’s move to sell bonds Thursday ends a four-year exile from international markets that saw it bailed out twice, carry out the world’s biggest sovereign debt restructuring and teeter on the brink of exiting the euro.

A car bomb exploded outside one of the Bank of Greece’s offices in central Athens this morning as a reminder of the upheaval that continues to rock the country almost four years after it resorted to calling for outside aid. Police said no one was injured in the bombing.

Greece seeks to raise 2.5 billion-euros ($3.5 billion) from the five-year bond issue, a Greek government official told reporters in Athens Wednesday. The book on the offering opens this morning, London time, said the official, who asked not to be identified because the process has not been completed.

“We welcome this,” Poul Thomsen, the International Monetary Fund’s mission chief to Greece, said Wednesday. “It’s a fundamental objective of the program to bring Greece back to market and this is an important milestone in this regard, and that clearly speaks to the success of the program.”

The Greek government has been shut out of bond markets since March 2010 and kept afloat with bailouts totaling 240 billion euros from the euro area and the IMF. Those funds necessitated the regular presence in Athens of officials from the so-called troika of the European Commission, the European Central Bank and the IMF, which became associated with austerity measures that triggered a political and social backlash.

Protests, strikes and even bombings have been regular occurrences in Greece since then. Thursday's device exploded at about 6 a.m. outside a building belonging to the Bank of Greece, causing some damage to surrounding buildings, a police spokeswoman said by phone. Government spokesman Simos Kedikoglou said on Skai TV that the identity of the perpetrators is not known and the police are continuing their investigations.

Greece won approval this month from euro-area members for an 8.3 billion-euro aid payment, the first disbursement from its bailout program since December. The government and European Union predict that Greece will this year emerge from six years of recession that has cost about a quarter of the country’s economic output and sent the unemployment rate surging to more than 27 percent.

The so-called initial price talk for the bond sale shows the nation may pay between 5 percent and 5.25 percent to borrow, according to a person familiar with the matter who asked not to be identified.

Demand was six times stronger than the amount to be issued, Kedikoglou said on Skai TV. “There was strong interest for the bond,” he said. [Bloomberg]

ekathimerini.com , Thursday April 10, 2014 (10:56)  
Venizelos extends invite to Turkey at start of visit
Vatopedi trial for 14 suspects
New proposals on way to troika
Cabbie who carried shooter claims he was threatened
Q3 growth was bigger than thought
The provisional seasonally adjusted statistics for the Greek economy in the third quarter put annual growth at 1.6 percent, against an original estimate for 1.4 percent, according to a state...
Who will pay for the state’s ADMIE stake?
The state is currently unable to pay the amount required for the acquisition of a 34 percent stake in the country’s Independent Power Transmission Operator (ADMIE), as provided for in a plan...
Inside Business
BASKETBALL
One more emphatic win sees Panathinaikos make top 16
Panathinaikos has mathematically qualified to the top 16 of the Euroleague after another emphatic home win, this time against Bayern Munich, with an 87-72 score on Friday. Given the changes ...
SOCCER
PAOK is one win from Europa League´s last 32
A late brace by Stefanos Athanasiadis gifted PAOK a precious win at Dynamo Minsk on Thursday, meaning that the Thessaloniki team is one win away from graduating from the group stage of the E...
Inside Sports
COMMENTARY
Change of US president won´t mean change of foreign policy
Americans have again voted for change in Washington as opposition Republicans take control of both houses of the US Congress. As attention now turns to the 2016 presidential race, it's time ...
COMMENTARY
The presidential election paradox
A few days ago, speaking with a visiting colleague who neither works in Europe nor covers events here, I suddenly felt how much we Greeks take for granted some things that should have worrie...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. One more emphatic win sees Panathinaikos make top 16
2. Venizelos extends invite to Turkey at start of visit
3. Vatopedi trial for 14 suspects
4. New proposals on way to troika
5. Cabbie who carried shooter claims he was threatened
6. Gov´t urged to allow Syrian refugees to move on
more news
Today
This Week
1. Change of US president won't mean change of foreign policy
2. Child molester suspect photo released by police
3. Greek economy expands 0.7 pct q/q in Q3
4. Lebanese FM: Cyprus may be jihadi transit point
5. Athens water supply 9-month profit falls 45 pct on lower charges
6. Armed man arrested on Thessaloniki campus
Today
This Week
1. Give Greece a chance
2. Extremism from a bygone era
3. Scientists expand excavation of ancient Amphipolis
4. Greece paralyzed by major strike, flights cancelled
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Cosco’s Greek unit adds multinational rail-freight client
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.