There is no doubt that the total cost of funding to Greece would have been lower if decisions had been taken more quickly, for example, immediately after the agreement between the European heads of state and government on 11 February, when they promised support to Greece provided it took measures to cut its deficit by 4% of gross domestic product.
There is growing interest in these assets on the part of specialized investors, who are now willing to pay higher prices than in the past thanks to the easing of the sovereign debt crisis and the reduction in risk premiums.