Greece prepares for end of bailout era with comeback bond

Greece successfully sold debt to private investors for the first time in three years on Tuesday, making a significant first step towards financial independence when its third international bailout ends next year.

The deal came a month after euro zone finance ministers signed off on a new loan and sketched out measures to chip away at Greece's debt mountain after the current bailout finishes in August 2018.

Greek Finance Minister Euclid Tsakalotos hailed the successful sale, saying it was "a beginning" and a sign of confidence in the country's economy.

"There will be a second and a third (market foray), to approach August 2018 with confidence and emerge from the bailouts," he said.

John Geddie, Alice Gledhill & George Georgiopoulos | Yahoo Finance

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