classes from an financial disaster | EUROtoday

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HASith demand twelve occasions better than provide and 785 million euros raised, the IPO of 30% of the capital of Athens International Airport held by the Greek State has simply met with success past of all expectations. The image is clearly robust of the relaunch of a Greek economic system pinned to the bottom for nearly ten years by a monetary storm of unimaginable violence.

Another spectacular signal of this enchancment, the speed of the ten-year Greek authorities bond is now decrease than that of the American Treasury Bond of the identical period: 3.4% for the primary, 4.3% for the second. You nonetheless should pinch your self to imagine it, as a result of it implies that worldwide buyers contemplate it much less dangerous to lend cash to Greece in the long run than to the United States…