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> Economy

Roubini Global Economics says that Greece does not need a third bailout

The company noted in a report that the country is moving towards the right direction and forecasts the end of low bond yields

Newsroom July 29 10:54

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Roubini Global Economics released a report mentioning that Greece will not need a third bailout since the country is moving towards the right direction and forecasts that the recent low bond yields will be temporary.

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The government is determined to do whatever is needed to ensure the disbursement of the next tranche, says the economist of Roubini Global Economics, Annalisa Piazza. Thus, the current low yield of Greek bonds are expected to be temporary.

In each case Roubini Global Economics estimates that Greece would be reluctant to consider to return to bond markets, to avoid further disappointment.

Moreover, the financial needs of the country are relatively small in the coming quarters. Therefore, there is no need to proceed to bond issue.

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