ATHENS May 9 Greece has hopes of returning to
bond markets around the end of 2014, its finance minister said
on Thursday after its bond yields dropped to their lowest levels
since last year's debt restructuring.
Greek 10-year bond yields dropped below 10 percent on
The country, which has been bailed out with some 200 billion
euros in rescue loans from the EU and IMF since May 2010, won
praise from the lenders last month for complying with the terms
of the rescue package.
Sovereign yields across the euro zone periphery have fallen
steadily since the European Central Bank announced a bond buying
programme to provide a debt backstop for struggling states.
"I hope that we can have the same luck as Ireland and
Portugal, which already start accessing markets with yields
below 6 percent," Yannis Stournaras told Greek state television
in an interview.
"I see that happening towards the end of 2014."
Greece has been shut out of bond markets since early 2010,
when it plunged into a debt crisis that forced it into becoming
the first euro zone country to seek an international bailout.
Ireland and Portugal, which also obtained EU/IMF bailouts,
have made more progress than Athens in meeting fiscal targets
and have managed to sell long-term debt again, bringing them
closer to being eligible for the ECB bond-buying scheme.
Portugal on Tuesday sold its first ten-year bond since
Athens, which restructured its sovereign debt in 2012,
stands to receive about 40 billion euros more in rescue funds by
the end of 2014, when the bailout payments are scheduled to end.