Last Update: 16:06
Greece will be able to return to the bond markets very soon, and with the creditors’ aid, Prime Minister Alexis Tsipras told his cabinet on Wednesday.
“The Eurogroup agreement is not the end of the crisis; it opens a clear pathway to exit the crisis and the memoranda,” the prime minister said.
Tsipras said that Greek bond yields will continue to fall after the June 15 completion of the second review of Greece’s bailout program and the disbursement of the 8.5 billion euro loan tranche.
Greece’s euro zone creditors gave more detailed promises of debt relief measures and the International Monetary Fund agreed in principle to contribute to the country’s bailout after the program ends in August 2018.
“I expect that in the coming period the downward path of yields will continue so that very soon we will have the ability to make our first test-exit to the markets on good terms,” Tsipras told his ministers.
“There was a specific commitment to conclude the (bailout) programme by August 2018 and support Greece to return to the markets,” he said further.
Tsipras also expressed the wish that the European Central bank will include Greece in its quantitative easing (QE) bond-buying program.