The steady decline of Greek bond yields in the secondary market lately is due to rising prices as a result of the increased demand from international investors, said in a newspaper article the head of the ELIAMEP Crisis Observatory Dimitrios Katsikas. Mr.Katsikas explains that this reflects the increased investor confidence in the country’s growth prospects and its ability to repay its debts. This positive climate is not just a theoretical finding but it has had positive results, writes the head of the Crisis Observatory. Dimitris Katsikas stresses that lower financing costs at a secondary level improve Greek debt sustainability while boosting the government’s negotiating effort to reduce primary surplus targets, which, if implemented, will also lead to increased Greek debt financing capacity.
You may find the whole article in Greek here