Until Greece can successfully sell a multi-billion euro bond to international investors

Until Greece can successfully sell a multi-billion euro bond to international investors, it can’t truly be said to be on a sustainable path.  

 An offering could come as soon as July, but yields need to fall further and investors need to turn up in size. Neither is certain.

 For now, the European Union, the International Monetary Fund and European Central Bank have chosen to extend and pretend.

 Bloomberg 22 June 2018

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