Stournaras: Greece returns to markets
Greece will regain access to international capital markets in the next two months (May, June) with a three- or five-year bond issue, Finance Minister Yannis Stournaras said on Tuesday.
![Stournaras: Greece returns to markets](https://img.bbmd.gr/img/1260/max/82/2014/04/01/f5719be00f52ba351d137ca56ea7b94e.jpg?t=cQkSQ5GDGgv5g6C-mzT3Ow)
Speaking to reporters, the Greek Finance minister said “we will make an effort with small issues in the first half”, adding that the money to be raised – in combination with a primary surplus, a repos sale by government agencies, privatisation proceeds and the aid loans - will fully cover the country’s financing needs for the next 12 months according to ANA-MPA
Finance ministry officials said the fact that the country’s financing needs were fully covered for the next 12 months – as clearly stated in a Eurogroup statement- offered the opportunity to IMF to disburse its own part of the aid loan (around 3.4 billion euros) in April, while it would also help a discussion, from June onwards. on a European level over reducing the country’s debt burden.