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Discussion over PEPP, SGP draw attention to rising yields

The Greek sovereign debt market has enjoyed a buoyant period, largely thanks to the participation of the GGBs in the ECB’s emergency asset purchase of the pandemic codenamed PEPP, which pushed borrowing costs for the Greek state to historic lows.
The record low yields had somewhat masked the overall developments on the Greek debt front as pandemic-related spending pushed up the debt in absolute terms by the end of this year to 350 billion euros and the debt ratio at 200 pct. Greece deployed one ...
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