Greece plans to sell bonds to Greeks abroad as it eyes a return to international bond markets some time next year, the country's finance minister said on Wednesday.
Greece's fiscal derailment last year, when its budget deficit hit 13.6 percent of GDP, drove its borrowing costs to prohibitive levels sparking a debt crisis that shook the euro zone and eventually led to a 110 billion euro ($140 billion) bailout.
"We are talking at the moment and designing what is called a 'diaspora bond' to tap Greek money that is abroad and we feel that we will be quite successful," Finance Minister George Papaconstantinou told Reuters Insider TV.
news source: Reuters link: article
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