Markets
Greek debt yields converge with those of France
Greek government debt may soon become less risky than that of France — an incredible turn of events over the past ten years.
Greek government debt may soon become less risky than that of France.
In an incredible turn of events over the past ten years, Greece has been able to fix some of its budgetary and debt issues while France is unable to do anything significant to address its well-known problems.
As of today, investors consider French debt to be more risky than that of Spain or Portugal, and it could take just a few days before Greece is able to finance itself at lower rates than France!