Greece's increasingly difficult to borrow money on the public market

Today the yield on ten-year Greek government bond rose to 8.323%. This happened after the European statistical agency Eurostat revised the country's budget deficit to GDP over the past year. According to new data, it amounted to 13,6% and not 12.9% as previously thought. Of course, that this news is negative for the euro and the eurozone as a whole. Investors want to pay more for risk, that is, greater profitability for the paper. This means that Greece could borrow only at very high interest rates. At the auction on Wednesday, the yield on sovereign Greek securities reached 8.086% on the back which began in Athens consultation on the details of the support mechanism of the country. For Eyes, a month ago yield was at 6.3%. And the Greek government complained that it very much. The decision on financial aid to Greece is still in limbo. Representatives of Greece, the European Commission, European Central Bank and the International Monetary Fund have yet to determine the conditions under which Athens will be able to take advantage of the 45-th billions of euros. At the same time, more and more discontent is the plan from opposition parties in Germany and France, the public in these countries. The population does not understand why helping Greece, and when their problems fully. The situation may worsen. Eurostat, in its report said the deficit could be revised again, naturally, increased. Recall that the Greek authorities sent to the supervisory authorities of the EU was originally rigged statistics. Meanwhile, the Greek government today announced that it will not revise the budget deficit target for 2010. According to the plans of the Greek authorities, the country's budget deficit in 2010 should be reduced by 4 percentage points.