Greece Provides One Ray of Sunshine for Europe
Athens may be struggling with the pandemic, but it just got a 30-year bond away at a decent price. That's good news for EU borrowing costs.
A fair wind.
Photographer: ANGELOS TZORTZINIS/AFPAmid the rolling headlines of further lockdowns and a stumbling vaccination program, it’s easy to be pessimistic about Europe turning a corner in this pandemic. But from a markets perspective at least there are some shards of light cutting through the gloom.
Greece has been having a hard time of it lately in terms of battling the coronavirus, with its hospitals under strain and its lockdown measures prompting violent anti-government protests. Despite all of this, international investors are taking an increasingly favorable view of the country that was hit hardest by the euro crisis a decade ago.