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Greece confirms plan to return to bond markets

April 9, 2014
Associated Press

ATHENS, Greece (AP) — Greece has confirmed that it is tapping international bond markets for the first time in four years.

In an announcement Wednesday, the country's finance ministry said the 5-year bond issue would be in euros and "is expected to be priced and carried out in the immediate future."

Greece has been locked out of bond markets since 2010 and been relying on international bailout funds.

However, its borrowing rates have been falling steadily in recent months as its public finances have steadily improved following tough austerity measures.

 
 

 

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