Greece Denies Reports of Bond Deal with China

January 27, 2010 Share Print 0

Greece on Wednesday denied press reports it had mandated Goldman Sachs to sell bonds to China, but its debt chief reiterated a roadshow in Asia was in the pipeline.

The Financial Times and the Wall Street Journal reported that Greece was turning to China to buy up to 25 billion euros of its bonds to help it through its fiscal crisis, with U.S. investment bank Goldman Sachs promoting the deal to Beijing.

“The Finance Ministry categorically denies that there is any deal to sell Greek bonds to China,” the statement said. “The Finance Ministry has not mandated Goldman Sachs to negotiate any deal with China.”

“The figures reported are not true,” the finance ministry said in a statement to Reuters.

CNBC

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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.