Greece, where the euro-area debt crisis erupted more than four years ago, won’t require a third international bailout if its economy continues to revive, according to Finance Minister Yannis Stournaras.
With euro-zone finance ministers converging on Athens tomorrow, Stournaras said favorable economic developments will ease bond-market access, with a first issue expected in the first half of the year. The yield on Greek 10-year debt fell 12 basis points today to 6.6 percent, the lowest since mid-2010.
“Up to the moment, we don’t see a need for a third bailout,” Stournaras said today in an interview with Bloomberg Television in Athens. “I think the program money, along with the better performance on the fiscal side, are enough to cover us fully for the next 12 months, and under certain conditions that could continue up to well inside 2016.”
(source: bloomberg)
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