Bank of America-Merrill Lynch: The bond issue will drop the cost of borrowing

Mr. Athanasios Vamvakidis (responsible for the monetary policy strategy of Bank of America Merrill Lynch) gave an interview in Newmoney.gr, speaking as a technocrat and certainly as Greek , for the success of the country to return to bond markets. Rergarding the general developments in the EU he expresses his objections against the hitherto policy of the ECB.

“I would say that the glass is now half-full, while two years ago it was completely empty and ready to broke. Now, the risk is to say “we didi it” and stay idle”. 

He also stressed that the bond issue “was the right choice at the right time” adding that “If political stability continues and the Greek government carries out the reforms, it will prove that the markets did predict correctly and people will begin to see the difference”.