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Tuesday, December 30, 2014

Greek Bond Yields Over 12% At Post-Bailout High | EconMatters

Greek Bond Yields Over 12% At Post-Bailout High | EconMatters



In general, it is clear that there are concerns around SYRIZA’s ability to govern and what exactly they will do when in power. They have said they will renegotiate the Greek bailout and push for a debt restructuring, however, it is far from clear what they will do if they do not get what they want or how hard they will push back against other eurozone countries unwillingness to take such action. Much of the market uncertainty – Greek borrowing costs have risen and the stock market has fallen sharply – can be attributed to markets trying to price this political uncertainty.

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