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