Greece said to eye exit plan with precautionary support but no new MoU

Photo by MacroPolis
Photo by MacroPolis

The negative market reaction that followed the government’s plans for an early and clean exit from its bailout program has led the government to change its plans, according to local media reports.

Since early September, the 10-year Greek government bond yield has jumped from around 5.5 percent to above 9 percent, while the domestic stock market tumbled by 15 percent this week and close to 23 percent in the last 4 weeks.

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