Reuters - Video

EDITION: U.S. | U.K. | IN

9/11

Greece eyes markets despite more strikes

Wednesday, Apr 09, 2014 - 02:07

April 9 - Greece's main unions stage a 24 hour strike over austerity measures just as the government is thinking of returning to the markets. Ciara Sutton asks if Athens is being wise or reckless?

▲ Hide Transcript

View Transcript

Ferries anchored and railways not running - Greece's transport workers walk off the job as part of a 24 hour strike. They're demanding an end to economic reforms they say have crippled their rights and livelihoods. State hospitals too were functioning on skeleton staff. (SOUNDBITE)(Greek) UNIVERSITY STUDENT YANNIS KOUTELIDIS SAYING: "We want a future with full workers rights, or the future won't be worth it, so we have to fight together, students and workers, to send the message we will not work for crumbs." Protests are now an almost daily occurrence. But even so the Greek government has ambitious plans. It's expected to make a market return within days after four years out in the cold. It hopes to raise 2.5 billion euros from a bond sale, and is expecting strong interest from investors. BNP Paribas' William de Vijlder. SOUNDBITE: William De Vijlder, Chief Investment Officer, BNP Paribas, saying (English): "If the Greek government can now say to it's domestic audience that it is getting ready to tap the international bond markets again it it a genuine achievement, and that cannot be emphasized enough. The turnabout that the country has seen, let's not forget that. We will now see positive growth after having seen five or six years of contraction and inactivity." It's hoped the sale will further lower borrowing costs. Existing Greek 10-year yields have fallen to about 6 percent in recent weeks. That's down from about 40 percent two years ago when the country imposed severe losses on private bondholders. Having secured its next tranche of aid, Greece has no pressing funding needs. But it wants to test the waters with the aim of funding itself by 2016. Things are looking up in Greece. Factories are beginning to hum again, and Greeks are starting to buy cars and other products. But talk of long-term stability could be a little premature. Just two years ago, Greece was expected to default and exit the euro, potentially unravelling the entire euro zone.

Greece eyes markets despite more strikes

Wednesday, Apr 09, 2014 - 02:07

Top News »

Money »

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

Markets cheer Russia's Ukraine exit Markets cheer Russia's Ukraine exit

Fri, Aug 08, 2014 - (1:50)

Russia, Iraq push Dow to three-month low Russia, Iraq push Dow to three-month low

Thu, Aug 07, 2014 - (2:27)

Wall Street gains but telecom disconnected Wall Street gains but telecom disconnected

Wed, Aug 06, 2014 - (2:28)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)