A very successful auction of 5 year bonds by Greece and they beat the 5-5.25% target by selling at 4.95%.
Unsurprisingly Greek officials are heralding the sale as “more than a triumph”. Deputy PM Venizelos says;
“Bond issue proves that Greek debt is sustainable”
Good news and it’s a welcome lowering of debt costs, and I’m sure all those who took a beating on the haircut are popping corks on the champers as we speak
