Greek bond issue will test rescue package

Article writes that Greece would launch a multi-billion-euro bond issue in the last days of March 2010 in a vital test of confidence in the rescue package agreed by eurozone leaders for the crisis-hit country at the European Council, Brussels, 25-26 March 2010.

Subsequent articles reported that Greece made a successful return to capital markets on the 29 March 2010 as it raised €5bn in a new syndicated bond issue. But the high price it had to pay signalled that markets were unconvinced by European Union-led rescue package of the previous week.

ESO: Background information: Eurozone agrees to Greek rescue deal http://www.europeansources.info/record/greek-deal-hammered-out-at-summit-eurozone-agrees-to-greek-rescue-deal/

Kathimerini, 29.3.10: No new measures on way http://www.ekathimerini.com/4dcgi/_w_articles_politics_100002_29/03/2010_115971

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