Samaras and Venizelos meet to discuss return to markets

The Prime Minister Antonis Samaras and Government Vice President Evangelos Venizelos have met to discuss Greece’s immanent return to the markets…

The Prime Minister Antonis Samaras and Government Vice President Evangelos Venizelos have met to discuss Greece’s immanent return to the markets and the efforts to draw 2.5 to 3 billion euros from a 5-year bond.

On Wednesday afternoon the Minister of Finances Yannis Stournaras visited the Prime Minister at his office to update him on the latest developments. Mr. Stournaras was quizzed by journalists and spoke of “a positive development, a very positive development” and that “good planning is rewarded”.

The IMF’s troika representative Poul Thomsen stated that Greece returning to the credit markets is an «important milestone» and tangible proof of the Greek program’s success.

So far, the messages that Greece is getting are rather positive, with investors offering about 16 billion euro for the bonds. The significant investor interest in the Greek bonds means that the interest rate may be less than 5%, which could save up to 200 million euros on an annual basis.

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