Greece open to credit line from its lenders

Written by on October 20, 2014 in Europe - Comments Off on Greece open to credit line from its lenders

In a clear attempt to reassure Greece’s international lenders and bond markets alike, the country’s government has changed its rhetoric (and strategy) on how it plans to exit the EU & IMF – sponsored bailout deal.

Amid a global market sell-off, Greece saw its borrowing rates soar. Effectively, the country was yet again unable to fund itself through bond market over the last week.

Prime Minister Antonis Samaras made the “u-turn” clear speaking to reporters in Milan last week where he attended the Asia-Europe Meeting. The PM said the credit line was “an item of negotiation” but did not clarify whether it would come from eurozone counterparts or the International Monetary Fund.

For the full story, please click here.

Comments

comments

About the Author