A small step in the right direction
debt
The auditors emphasized that the objectives of the Programmes had been achieved “only to a limited extent” because Greece remained unable to tap international financing markets
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
The country would have to sustain unfeasible yearly primary surpluses at least until 2060!
Government will swap 20 bonds issued in 2012 for new notes in an attempt to create market liquidity & lower borrowing costs
Club in dire financial state
Part of Russia's initiative to help out the world’s poorest nations, says Putin
Statements made at the FT Investment Management Summit in London
Interview to newspaper Mannheimer Morgen