Return to debt market early in 2012
Greece may be able to return to the debt market early next year, the International Monetary Fund (IMF) said on Friday.
Poul Thomsen from the IMF said the country?s efforts to return to the debt market have been hindered by unfavorable international conditions.
?I am confident that Greece will return to the debt market no later than early next year,? he told reporters.
Finance Minister Giorgos Papaconstantiniou has said he believes Greece can start selling bonds within 2011 after being effectively shut off from the market in April last year, prompting the country to sign a 110-billion-euro rescue plan with the IMF and the European Union.
Many experts believe that Greece?s 300-billion-euro debt pile will be insurmountable and that bond investors will be forced to take a loss on their investments, possibly around 20 to 30 percent.
