Reuters quoted Greek Finance Minister Euclid Tsakalotos this week as pointing to turbulence in the Eurozone over the draft Italian budget as making a foray by Athens into sovereign borrowing markets a more expensive prospect, while at the same time emphasizing that he's "comfortable" to wait for the proper time to seek private funding.
Reuters quoted Greek Finance Minister Euclid Tsakalotos this week as pointing to turbulence in the Eurozone over the draft Italian budget as making a foray by Athens into sovereign borrowing markets a more expensive prospect, while at the same time emphasizing that he's "comfortable" to wait for the proper time to seek private funding.
“It has made it a little harder but on the other hand I think markets are now becoming more sophisticated in understanding that Greece has finished its (bailout) program, it has done a huge amount of reforms, it’s got a buffer so that its financing needs are under control for at least 2-1/2 years,” the news agency quoted the formerly UK-based economics professor as saying.
“Also it has got a debt deal that means financing its debt is easier than it is in Portugal and Italy.”
Asked if his government is eyeing a bond sale within the year via syndication, Tsakalotos told Reuters that he will leave the timing up to Greece’s debt agency.