Economics
Greek Discontent Brushed Off as Investors Bank on Debt Relief
- Public sector workers strike Thursday to protest labor reforms
- Bonds head for best month since March; bank stocks rise
A Positive Year for Greek Tourism and Services: Michalos
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A public sector strike in Greece is doing little to dampen investor optimism about a debt-relief deal for the country.
Greek markets are rallying on expectations creditors may finally ease the country’s debt burden. Greek bonds are headed for the best month since March, while bank stocks have risen about 30 percent since Nov. 15. Opposition at home -- including the strike on Thursday -- has not eroded confidence Prime Minister Alexis Tsipras will push through the measures needed to complete the latest bailout review in return for a lightening of Greece’s debt load.