The government of Alexis Tsipras wants to send a strong signal to European partners and others: Greece is emerging from recession and is preparing to walk again on its own feet. Of course, the process is very complex and is full of pitfalls.
After the European Commission a few days ago called for the closure of the procedure against Greece for excessive deficits, the Syriza government is studying the possibility of issuing government bonds again to show that the country, slowly but steadily, can again finance itself on the market, and meet its needs independently, without aid and external support.
On Monday, everything was ready, according to the Greek press, for the issuance of a five-year treasury bond, with an interest rate of around 4 percent. The aim was to secure an offer of around €4 billion. In the end, however, prudence prevailed, and sources at the Hellenic Presidency of the Council have made it clear that the government is following the developments in the markets and will decide when the country will return, not based on rumors, but on “the best possible management of the Greek debt.”