Greek to issue 7-year bond to shield economy from COVID-19 impact: minister

Greek to issue 7-year bond to shield economy from COVID-19 impact: minister
# 15 April 2020 03:18 (UTC +04:00)

Greece plans to issue a seven-year bond in the coming hours to help boost state coffers and shield its economy from a protracted impact of the coronavirus pandemic, Finance Minister Christos Staikouras said on Tuesday, APA reports quoting Reuters. 

Thrice bailed-out Greece is willing to spend 3.5% of its gross domestic product to support companies and workers battered by a lockdown it imposed last month to fight the spread of the COVID-19 disease. 

Asked if Greece had enough money to finance those measures, Staikouras told a Greek television station that Athens would be able to repeat that in May “without tapping cash reserves of 15.7 billion euros and without taking into account any exits to the markets like the one we are planning in the next coming hours with a 7-year bond.

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