The Greek Finance Minister Yannis Stournaras denied that his country would return to international markets this week, but confirmed that the first bond sale after the debt crisis will take place at some point in the first half of 2014. According to the Finance Minister the country should not hurry to publish its bond emissions before Easter.
His comments followed the media speculation that Athens would sell bonds this week and two days after the head of the Eurozone Rescue Fund, Klaus Regling warned Greece not to give too high yield for investors to avoid the growth of the debt burden. Sources from the Greek government spread rumors that the country plans to sell 5-year bonds this month.
The original plans of the country were to test the market with a small issue in the second half of this year, but the decreasing yields on Greek bonds and the pressure associated with the elections to the European Parliament, persuaded the Prime Minister Antonis Samaras to pull ahead the sale of new debt.