Greece is planning to announce a sale of five-year notes via banks on Wednesday, according to two people familiar with the matter, as the country that sparked Europes sovereign debt crisis returns from a bond-market exile.
Greek exports declined for a fifth consecutive month in February, data by the Hellenic Statistical Authority (ELSTAT) have shown, creating serious concerns about the sustainability of production in the countrys primary and secondary sectors.
Cypriot lawmakers must make it easier for banks to seize property when borrowers default to tackle the issue of bad loans, the countrys most pressing issue, central bank governor Panicos Demetriades said.
Greece will start receiving its next 8.3 billion euros ($11.4 billion) in bailout loans at the end of the month, eurozone finance ministers said Tuesday, citing progress after "many painful years" of reforms.
Greek bond yields dipped on Friday after Standard & Poor's said it could raise Greece's credit ratings if GDP growth were to pick up more substantially, after keeping them deep in junk territory with a stable outlook.