Brussels, 13/04/2010 (Agence Europe) - Greece has passed the first conclusive test now that the arrangements for the mixed eurozone/IMF mechanism have been unveiled. On Tuesday 13 April, the authorities proceeded to issue 6 to 12 month Greek bonds for the sum of €1.56 billion (i.e. more than the €1.2 billion initially foreseen). This offer has not posed any particular problems, illustrating a positive response by the markets after the clarifications given last weekend.
Although rates...