Great Recession in Europe

Investors staying away from Greek paper

The deterioration of the investment climate in emerging markets, along with the still fragile picture in Greece, despite its exit from the bailout program, and talk of government handouts ahead of the Thessaloniki International Fair are driving investors away from Greek securities, with bond yields climbing to three-month highs on Wednesday.

Greece's bond yields hit four-week lows after eurozone grants debt relief

Greece's borrowing costs fell to four-week lows on Friday after the country was granted debt relief from the eurozone.

Eurozone finance ministers early on Friday extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens can stand on its own feet after it exits its bailout in August.