ESM: Greece can return to markets ´much before´ mid-2018

Monday, May 15th, 2017
Last Update: 10:13
Greece can return to financial markets "much before" the end of its current aid programme in the middle of next year, the deputy managing director of the euro zone΄s bailout fund said on Friday.Accordingt to Reuters Greek government borrowing costs hit their lowest level in more than five years last week as the troubled euro zone state looks close to clinching a deal with its creditors to release new loans to the country.

That has given rise to investor speculation that Athens may soon end a near three-year exile from bond markets. The country΄s finance minister and central bank governor are due to speak in Germany about the prospects of such a return.

"If Greece continues to implement the reforms as promised, I am fully confident that it can access the market at least much before the end of the programme which is supposed to take place in the middle of next year," the European Stability Mechanism΄s Christophe Frankel told a conference in Dublin.

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