by Calculated Risk on 9/09/2011 08:38:00 AM
Friday, September 09, 2011
Europe: Greece Update
From Dow Jones: Greek Debt Rollover Process 'Satisfactory'
A debt rollover plan ... is making "satisfactory progress," a Greek government official said Friday as a deadline for euro-zone banks and funds to express interest expired.There is no clear "make or break" date for Greece but here are a few key dates via the WSJ: September Roadmap for the Euro Crisis.
"Progress is satisfactory, things are advancing in a positive manner," the official told AFP, declining to give a number of participants in the scheme.
Today:
• G-7 finance ministers meet in Marseilles.
• Deadline for non-binding commitments from private-sector creditors to participate in Greece’s proposed bond-exchange program
Saturday, Sept 10th:
• Greek Prime Minister George Papandreou delivers his annual economic policy speech.
Wednesday, Sept 14th
• Greece expected to resume talks with European Commission, IMF and ECB officials on fiscal, economic reforms
The Greek 2 year yield is at 55.3%.
The Portuguese 2 year yield is up to 15.2% (after falling below 12% in August). Also the Irish 2 year yield is at 9.4% (below 8% in August).
Here are the links for bond yields for several countries (source: Bloomberg):
Greece | 2 Year | 5 Year | 10 Year |
Portugal | 2 Year | 5 Year | 10 Year |
Ireland | 2 Year | 5 Year | 10 Year |
Spain | 2 Year | 5 Year | 10 Year |
Italy | 2 Year | 5 Year | 10 Year |
Belgium | 2 Year | 5 Year | 10 Year |
France | 2 Year | 5 Year | 10 Year |
Germany | 2 Year | 5 Year | 10 Year |