pean Central Bank that more monetary stimulus may be on the way. While Greece’s bond curve remains abnormal in parts, the fall in two-year yields represents a significant step as Greece moves toward securing fresh bailout funds having been on the brink of exiting the euro area. Shorter-term borrowing costs higher than their longerterm costs – a so-called “‘inversion” of a country’s government bond yield curve – is an indication that investors fear it may not be able to repay its debts. Greek two-year bond yields fell 66 basis points to 7.57 percent yesterday, below 10-year equivalents of 7.64 percent but still above five-year equivalents of 7.30 percent. ment of 43 million euros, which will service business transactions for more than 36,000 employees in the 28 countries where Coca-Cola HBC is present. The data center will be one of the three largest in Europe, the Middle East and Africa and one of the largest private sector projects handled by the OTE Group.
The European Central Bank lowered the cap on emergency liquidity assistance Greek banks can draw from the domestic central bank by 1 billion euros to 86.9 billion, the Bank of Greece said on Thursday. The move reflects an improvement in liquidity conditions in Greece’s banking sector, the Bank of Greece said. Greek banks have relied on emergency liquidity assistance (ELA) since February after being cut off from the ECB’s funding window.