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Greek economy fights back as euro talks offer hope The Times (0 comments)

The Greek government’s long-term borrowing costs tumbled to their lowest level this year as the stock exchange rose to its highest point.

 

The moves came after eurozone nations offered conditional debt relief to Greece from 2018. Alexis Tsipras, the Greek prime minister, said yesterday that his country was not isolated any more. Ten-year bond yields fell from 8.4 per cent to 7.7 per cent, while those on other eurozone bonds, including those of Italy, Spain and Portugal, also dipped. Yields on two-year Greek bonds fell to their lowest point since March.

 

The Athens Composite Index closed up 3.15 per cent