Greece Back In The Headlines As Debt Set To Balloon
After a few months of relative calm, Greece is back in the headlines as the country moves towards another showdown with its bailout creditors.
Greece’s new troubles come after a report from the IMF suggesting that a Greek debt could explode to 275% of GDP by 2060 was leaked to the press. After the leak, yields on Greek short-dated bonds spiked 300 basis points on Monday putting them on track for their biggest one-day jump since July 2015, while 10-year bond yields rose to their highest in almost three months.
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