Tsipras, Draghi Said to Discuss Greek Bonds, Markets, in Meeting

18
Oct

Tsipras, Draghi Said to Discuss Greek Bonds, Markets, in Meeting

Greek Prime Minister Alexis Tsiprasmet ECB President Mario Draghi, Executive Board Member Benoit Coeure on sidelines of EU Summit in Brussels, a Greek government official tells reporters in Brussels, on condition of anonymity in line with policy.

  • The ‘conclusion’ of the meeting, according to the Greek government official, is that there’s a gradual but steady decoupling of Greek sovereign bond yields from Italian bonds, even though the ECB is buying Italian debt, but not Greek debt
  • This decoupling shows that the recent turmoil in Greek bond market was caused purely by exogenous factors, Greek official says
  • Positive course of Greek economy will soon be appreciated by markets, Greek official says
  • An ECB spokesman declines to comment
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