Monday Jan 26, 2015 Search
Weather | Athens
15o C
9o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Gov’t makes plans for July debt issue

 Return to markets will be with a 3-or 7-year bond before the start of the troika’s next major inspection

By Sotiris Nikas

The Finance Ministry is examining plans for a three- or seven-year bond issue by the end of next month, which is said to have no connection to the implementation of the prior actions required for the disbursement of the bailout sub-tranches due this summer.

Sources have told Kathimerini that the ministry is processing various plans concerning the new bond issue, with the likeliest being for an issue in July. A preliminary discussion has already taken place with the representatives of the country’s creditors and their response is said to have been neither positive nor negative.

Reuters also ran a report on Tuesday on a new Greek bond issue next month, after which government spokeswoman Sofia Voultepsi stated that “neither the government’s decision to respond to the prior actions required for the funding of the country to continue smoothly nor the positive recent developments in the economy justify any actions such as those heralded by a report published [on Tuesday] that cites a statement by a ‘senior Finance Ministry official.’ Greece’s next return to the markets will happen whenever it is required, but by choice and not necessity.”

The troika of inspectors from the European Commission, European Central Bank and International Monetary Fund are set to return to Athens on July 8 for a brief intermediary monitoring visit. Provided the mood regarding the Greek economy on international markets does not change, the government will likely proceed with the new bond issue at end-July.

The troika’s main inspection will begin in late August, with the aim of covering a number of significant issues, and could last for months or even until the end of the year. It will determine whether any new measures will be required for next year, whether the country’s debt can be lightened further and whether a new bailout package will be needed.

Consequently, if there is no bond issue by the end of August, it will be very difficult to schedule for the fall or winter while crucial negotiations are ongoing, as a climate of uncertainty over an agreement between Athens and the troika could create concern in the markets, which is not the case today.

ekathimerini.com , Tuesday June 17, 2014 (23:33)  
IMF´s Lagarde rules out special treatment for Greece
Greek bank bonds slump after SYRIZA victory raises funding risk
Greek bonds slip on Syriza victory as ECB buying mutes contagion
ECB cannot agree to debt relief for Greece, board member says
What now for Greece after anti-bailout SYRIZA wins vote?
After five years of relentless belt- tightening, Greeks have said enough. It’s now up to the country’s euro-area peers to decide how to respond to the electoral landslide of the anti-austeri...
Tsipras forges anti-austerity coalition in challenge to EU
Greek Prime Minister-elect Alexis Tsipras forged an anti-austerity alliance within hours of his election victory, challenging European peers with a declaration that the era of bowing to inte...
Inside News
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakos’s 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
BASKETBALL
Tremendous Spanoulis sweeps Laboral Kutxa
A hot second half was enough for Olympiakos to undo visiting Laboral Kutxa and score its fourth win in as many games at the second round of the Euroleague on Friday. The 76-64 final score wa...
Inside Sports
COMMENTARY
SYRIZA´s win will test institutions
Greece was at an impasse, with a government that did not believe in what it was doing and an opposition that declared with passionate intensity that whatever the government did was wrong and...
COMMENTARY
The challenge for Tsipras and others
A few years ago, an associate of mine who had met with Alexis Tsipras when the young politician was running for Athens mayor told me how impressed he had been by his confidence. Tsipras was ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. What now for Greece after anti-bailout SYRIZA wins vote?
2. IMF´s Lagarde rules out special treatment for Greece
3. Greek bank bonds slump after SYRIZA victory raises funding risk
4. Tsipras forges anti-austerity coalition in challenge to EU
5. Greek bonds slip on Syriza victory as ECB buying mutes contagion
6. ECB cannot agree to debt relief for Greece, board member says
more news
Today
This Week
1. SYRIZA heads for historic victory but without majority
2. Greek Elections 2015: The day after | LIVE
3. SYRIZA's win will test institutions
4. Finnish PM says ready to discuss bailout extension for Greece
5. ECB cannot agree to debt relief for Greece, board member says
6. Tsipras moves to form anti-austerity government after crushing victory
Today
This Week
1. Greek Elections 2015 | LIVE
2. Grexit the only way out of ‘valley of tears,’ says Hans-Werner Sinn
3. Greek Elections 2015 | LIVE
4. No debt writedown or rolling back of reforms for Greece, says Finland's Stubb
5. Greeks fork out nearly 5 pct of their incomes on telecom services
6. QE exclusion a ‘de facto Grexit’
Advertiser Link
SMART WATER Project: Outputs and conclusions of the final conference
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.