Investors ignore Greek securities over uncertainty

Greek bonds and stocks have been in international isolation since June, when the first 7.5 billion euros of the tranche of 10.3 billion got disbursed. Foreign investors are ignoring Greek securities due to the persisting uncertainty over the prospects of the country's economy.

A report by Bloomberg on Thursday noted that Greek bonds, excluded from the European Central Bank President Mario Draghi's quantitative easing program, "have been stuck at the bottom of the wave that's lifted debt markets across the euro area."

An official at a bank's dealing room told Kathimerini that "foreign investors have no interest in the Greek bonds. We are unable to find buyers even for 5 million euros in Greek paper, let alone hit the markets with an issue of some billions of euros. In the secondary market the spread between the offered sale prices and the market of the Greek bonds...