Greece on Wednesday denied press reports it had mandated Goldman Sachs (GS.N) to sell bonds to China, but its debt chief reiterated a roadshow in Asia was in the pipeline.
The Financial Times and the Wall Street Journal reported that Greece was turning to China to buy up to 25 billion euros of its bonds to help it through its fiscal crisis, with U.S. investment bank Goldman Sachs promoting the deal to Beijing.
"The Finance Ministry categorically denies that there is any deal to sell Greek bonds to China," the statement said. "The Finance Ministry has not mandated Goldman Sachs to negotiate any deal with China. I have no idea as regards what is being mentioned in press reports. There are plans for a roadshow, we have said this. The when is up to the minister to decide," PDMA's Spyros Papanicolaou told Reuters.
Note EU-Digest: it is hoped Greece will find better financial partners in Europe than letting Goldman Sachs and China exploit their financial woes. It should certainly become of major concern to the EU if this would happen.
For more: UPDATE 1-Greece denies reports of bond deal with China | Reuters
The Financial Times and the Wall Street Journal reported that Greece was turning to China to buy up to 25 billion euros of its bonds to help it through its fiscal crisis, with U.S. investment bank Goldman Sachs promoting the deal to Beijing.
"The Finance Ministry categorically denies that there is any deal to sell Greek bonds to China," the statement said. "The Finance Ministry has not mandated Goldman Sachs to negotiate any deal with China. I have no idea as regards what is being mentioned in press reports. There are plans for a roadshow, we have said this. The when is up to the minister to decide," PDMA's Spyros Papanicolaou told Reuters.
Note EU-Digest: it is hoped Greece will find better financial partners in Europe than letting Goldman Sachs and China exploit their financial woes. It should certainly become of major concern to the EU if this would happen.
For more: UPDATE 1-Greece denies reports of bond deal with China | Reuters
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