The timing of its bond market comeback is unknown but it is a crucial step & doing it early could be a mistake
ecb
The goal is to digest the one trillion euro in Non-Performing Loans (NPL)s accumulated over the last few years
€ 6.9bn to disappear by July 20
Data shows discrepancy between ECB and ELSTAT
More clarity is needed on debt sustainability and the QE
Central banker said more details were needed on specifics of measures
"Wow! A primary surplus of more than 2% for a 40-year period? This has never happened, in any country, since WWII"
Ms. Lagarde noted that the final debt relief will be provided after the end of the Greek program
The Euro Group will seal the deal
The debt relief Athens desperately wants is hostage to Berlin’s election politics