Greek 1yr yields approach 100pc

YIELDS on Greece’s one-year debt climbed to 96 per cent yesterday, meaning that investors are demanding almost double their money back to pay for the risk of lending to the sovereign for just 12 months.

The increase in yields came after the chairman of the Eurogroup, Jean-Claude Juncker, warned that Athens might not receive its next instalment of aid: “Greece has to know that the targets we have laid out have to be reached... If not it cannot be taken for granted that the next disbursement will take place,” he said.