Greece’s finance ministry says its first return to the markets in four years has seen strong demand, with the country raising $4 billion through five-year bonds at a coupon rate of 4.75 percent.
Today’s bond sale is Greece’s first since 2010, when it became locked out of the international debt market by excessively high interest rates due to a severe financial crisis. It has been relying on international bailout funds ever since.
The BBC’s Andrew Walker joins Here & Now’s Jeremy Hobson to discuss the bond sale. He’ll also talk about a suspected domestic terrorist attack just this morning, when a car bomb exploded outside a Bank of Greece building in Athens. No one was injured.
Guest
- Andrew Walker, BBC economics editor in London.
Copyright 2021 NPR. To see more, visit https://www.npr.org.