Greece Confident in Raising Money

Greece is confident it can meet its financing needs as it grapples with a ballooning budget deficit and may issue bonds in yen and dollars this year to do so, top Greek officials said on Thursday.

The messages from the finance minister and debt agency chief failed, however, to soothe growing market concerns over Greece’s ability to ride out its fiscal storm – the country’s debt spreads to German Bunds hit a fresh high since joining the euro.

“We will be able to satisfy our borrowing requirements in international markets in the next weeks and months, according to the schedule we have,” Finance Minister George Papaconstantinou told a banking conference

source: The Globe and Mail

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza