“There are clear signs of stabilisation and a gradual recovery,” George Pagoulatos, an economics professor at Athens University of Economics and Business, said. But analysts sounded a note of caution, despite the bond sale. “It’s the first market access since 2014 so it’s definitely a positive development. But I don’t think it’s cause for celebration,” said Mr Pagoulatos. “We’re back to where we were three years ago.” Then, Greece’s shortlived return to markets was derailed by the rise to power of Mr Tsipras and his anti-austerity Syriza party.
Financial Times – 26/7/2017
July 29, 2017