Greek bonds eye the review for direction

Concerns about deadlock in the negotiations between the Greek government and the official creditors despite an improvement in their relations since last September have helped reverse a good deal of the months-long rally in bonds. Moreover, the demanding conditionality of the programme has made market participants factor in the possibility of higher political uncertainty, contributing to the slump. The completion of the review would add to the good track record of implementation and be the catalyst for unfolding events that could lead to Greece’s return to the markets later this year. Business File reports.

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