Greece now plans to issue a 10-year bond next week to coincide with the government announcement of a new €2 billion to €3 billion austerity package,WSJ reports.
Let's see how this goes. Will they sneak somebody in to buy it?
Government debt markets remained under heavy pressure.
Morgan Stanley's John Mack said he was in Greece last week, as the southern European nation mulled a $6.8 billion bond offering to ease some of the country's financial woes.
ReplyDeleteHe said the country's fiscal problems "spooked" currency markets, particularly trading in the euro and U.S. dollar.
But he downplayed the severity of Greece's problems, calling them no worse than Portugal, Spain or Ireland.
http://www.reuters.com/article/idUSN2421936920100225?type=usDollarRpt