Greek bond combats debt crisis

Greece sucessfully launched and found sufficient buyers for a seven-year state bond valued at five billion euros on Monday. But that's not enough to fight the crisis, writes the business paper Les Echos: "One can't talk of a rush or a stampede, but the sale initiated yesterday by Greece met with an undeniable success. ... Nevertheless there can be no talk of an end to the Greek crisis. The country's financing needs will remain huge until the end of the year. Greece only raised a third of its programme for 2010 with yesterday's capital procurement . And there's nothing to say that the effects of the emergency kit will last more than a few weeks. ... The question of Greece's ability to resorb its public deficits without plunging its economy into a profound depression has lost none of its urgency."

» full article (external link, French)
More from the press review on the subject » Fiscal Policy, » Economic Policy, » Greece
All available articles from » François Vidal

» To the complete press review of Tuesday, March 30, 2010