Athens is buying back government bonds
from its private creditors at steep discounts to an effort to secure its next round of EU/IMF aid.
German Chancellor Angela Merkel's visit to Athens was a sign of support for the Greek government's austerity measures. But experts warned that the country had not overcome its financial crisis.
In 2013, governments in Europe were able to substantially lower their budget deficits, according to the latest EU data. Nevertheless, EU countries are still laboring under huge and even burgeoning debt mountains.
German Chancellor Angela Merkel has travelled to Athens in a visit seen as a show of support for the Greek government’s reform efforts. This comes a day after Greece returned to the international bond markets.
Greece is borrowing money on financial markets - successfully. With a bit of cheek, says DW's Rolf Wenkel, you can obviously count on investors' greed just as much as on the European taxpayer.
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