“There is better sentiment toward Greece,” Hendrik Lodde, a fixed-income strategist at DZ Bank AG, told Bloomberg. “They don’t want to have a situation like last summer. The euro-zone leaders don’t want that either, but the question is if they will succeed to satisfy their wishes.”
Eurozone finance ministers will meet on Tuesday to sign off on bailout loans for Greece and potentially outline plans to help the emerging economy reprofile its debt to make it more sustainable.
Related: Morgan Stanley Upgrade Bounces Greece ETFs
Moreover, a vote of confidence from the Eurogroup may also push the European Central Bank to restore a waiver for Greek government bonds that would deliver cheaper funding to its troubled financial sector and make Greek debt eligible for the expanded quantitative easing program.
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Global X MSCI Greece ETF