Greek Markets Slip in Isolation After Bailout Talks Break Down
What Comes Next as Greek Debt Talks Collapse?
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Greece’s bonds and stocks fell after talks between its newly elected government and euro-area finance ministers broke down without agreement on how to fund the nation when its bailout expires on Feb. 28.
Commerzbank AG raised its estimate on the chances of Greece exiting the euro, known as Grexit, to 50 percent from 25 percent after the government said it couldn’t accept “absurd” demands for it to stick to terms of its existing bailout. Even so, Greek bonds pared declines and three-year yields stayed below rates reached last week. Germany’s government bonds fell and Italy’s were little changed.