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Athens Macedonian News Agency: News in English, 14-04-07
CONTENTS
[01] Greece likely to try borrowing from int'l markets as early as next
week, Guardian reports
[01] Greece likely to try borrowing from int'l markets as early as next
week, Guardian reports
ANA-MPA -- There are increasing signs that Greece is likely to return
to borrowing from international financial markets, after almost four
years, even as soon as Monday, in order to take advantage of a drop in
its borrowing costs, according to a report by Helena Smith, posted in
Guardian's Business Live Blog.
The report says that some bankers in Athens confirmed that preparations
are already under way, with the government hiring global investment banks,
including JP Morgan and Goldman Sachs, to act on behalf of Greece.
In addition, the report quotes analysts as saying that Greece's return
to borrowing from international markets would signal the end of its
debt crisis.
The report also refers to statements made by Greece's Finance Minister
Yannis Stournaras, who however has declined specifying a date for Greece's
return to market borrowing, saying that "the global economy is closing
in upon Greece in great self-confidence, while spreads continue to drop,
and this is a very significant development."
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