Galery

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Greece has issued a package of government securities with a 5-year maturity and 550 investment, pension and hedge funds, and banks have offered more than 20 billion euro for them. The Public Debt Management Agency has failed to sell bonds for 3 billion euro instead of the 2.5 billion euro initially announced, their interest rate being 4.95% instead of the 5.8% and above expected yesterday. Greece had issued 5-year bonds on 2 March 2010 for the last time, the interest rate then being 6.1%.

"The return to the markets will act as a catalyst for the Greek economy and this will become apparent within 2-3 months," a senior official from the Ministry of Finance told To Vima newspaper.