Marcus Ashworth, Columnist

A Turning Point for Greece

Look at how the country's bonds are performing without the ECB's help.
Photographer: Kostas Tsironis
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Greece is taking a step closer to get the respect it deserves from Europe.

Yields on the country's government bonds, which have already taken great strides lower this year, hit a new low last week on news the government is preparing a major debt swap. The exercise, first reported by Bloomberg News, should allow Greece to sell bonds in future -- and help end its dependence on the largess of its main creditors.