On peripheral debt
Hancké, B.
(2014).
On peripheral debt.
(2014).
On peripheral debt.
Those who think the euro crisis is now reaching a relatively benign dénouement may feel vindicated. Italy and Spain are borrowing at low interest rates, and yesterday even Greece staged a successful return to the bond markets, with a yield that was significantly lower than could be expected from a country that has not seen a serious private creditor in over four years. Greek sovereign debt, like Spanish and Portuguese debt, are now, again, treated as safe investments.