ECONOMY

Political concerns see costs of insuring Greek bonds soar

political-concerns-see-costs-of-insuring-greek-bonds-soar

With Greek yields hovering near post-election peaks, the cost of insuring Greek bonds against default jumped to a five-week high this week as concerns continued to creep up about the International Monetary Fund’s involvement in its bailout program.

Earlier in the week Prime Minister Alexis Tsipras accused the Washington-based global lender of making unrealistic demands on Greece in terms of reforms and on its eurozone partners for debt relief beyond what they can accept.

[Reuters]