With markets being spooked left, right and centre due to Greece’s ongoing debt travails, it’s good to see the Greek government providing some reassuring commentary to soothe concerns.
As Reuters quoted a Greek government spokesman saying on Thursday (emphasis ours):
RTRS – GREEK GOVT SPOKESMAN SAYS THERE IS NO CHANCE OF GREECE GOING BANKRUPT
RTRS – GREEK GOVT SPOKESMAN SAYS MAKING EVERY EFFORT NOT TO BORROW AT “BARBARIC” RATES
RTRS – GREEK GOVT SPOKESMAN SAYS NO RISK OF NOT BEING ABLE TO REFINANCE DEBT
RTRS – GREEK GOVT SPOKESMAN SAYS BANK AID PACKAGE AIMED AT INCREASING MARKET LIQUIDITY
Barbarians, eh? Scythians, Cimmerians, or Persians? And do note this reassuring point:
RTRS- GREEK GOVT SPOKESMAN SAYS SPREADS WIDENING DUE TO SPECULATION AND ECONOMIC CONCERNS
Which, as yet, has done little to reverse Thursday’s epic Greek bond sell-off:
Or to realign the Greek yield curve’s current inversion:
Related links:
Is this Greece’s point of no return? - FT Alphaville
Behold the debt spiral – FT Alphaville
Plunging Greek bonds spook investors – FT