A small step in the right direction
bonds
GAM, which has cleared its portfolio of all positions in Turkish assets, sees high inflation & a surge in foreign borrowing as signs of an unhealthy economy
It will pave the way for a return to normality when Greek bonds emerge from the junk category
Government will swap 20 bonds issued in 2012 for new notes in an attempt to create market liquidity & lower borrowing costs
Governments around the world seek to switch to renewable energy
Banks to price switch of old bonds before new investors
Offer book to open on Tuesday
The process will require a series of successful bond sales & the build-up of a "sizeable" cash buffer
House believes despite large debt no one wants Greek issue to remain in meadia spotlight
"It is important for Greece to develop a strategy to go back"