US investors not confident about Greece recovering

EconomyThe US investors have shown their suspicion in the recovery of Greek economy with the help of emerging market buyers. They are questioning as to how much possible it will be for Greece to sell its overseas debt, given the current situation.

On Thursday, the Greek bonds were further sold off and the yields of two-year bonds went up by around two percentage points.

This could hamper the idea with which the Greek officials are planning to travel to US. They want the US investors to come up and save the beleaguered European economy.

The officials of the country are also considering issuing dollar-denominated bonds which will be worth $ 10 billion. Its economy is already under $13.3 billion debt and interest payments.

The repayments are to be made next month.

However, the US experts are skeptical about this move. They say that this is not the best of the strategy. Besides, such a step may put a mark on the brand image of the country. They say that Greece has always showed that it is a developed country, but the characteristics speak other wise.