Turkey facing economic crisis in 2018!
GAM, which has cleared its portfolio of all positions in Turkish assets, sees high inflation & a surge in foreign borrowing as signs of an unhealthy economy
Greece returns to the markets with a 30 billion Euros swap
It will pave the way for a return to normality when Greek bonds emerge from the junk category
Greece is planning a 30 Billion Euro debt-swap exercise
Government will swap 20 bonds issued in 2012 for new notes in an attempt to create market liquidity & lower borrowing costs