Actually negative yields mena that the bonds are so highly valued by the market that Greece is able to sell debt at a negatove interest rate, so this is something positive for once

 

I think it's because of stock markets going down rather than because of Greece doing something right with economy (that is an impossibility)

When stocks go down, megafunds etc buy gooverment bonds and other safety assets

Actually it means that the EU is buying bonds every single month for years in order to support them. 'Investors' buy the bonds and sell them in 3 months and banks get the fees. It has nothing to do with stocks. Its debt that is being amassed by the EU in order to sustain a project that has failed for more than a decade. Meanwhile with cheap debt like that, those same useless people that failed can offload their bad investments to you, they keep their zombie companies and can amass all the real estate and slowly the public corporations.

I would also like to add that, if all this at least worked it would be okay. But every single time the EU fails more. EU failed once again with the "under control" pandemic as well as with the slowest vaccination project. The economy is barely moving for years now and then mostly by destroying labour rights. EU is nowhere to be seen in new tech.

Fun fact: The Greek debt was predicted to be falling to 165% of GDP in 2020. Its above 200% now. Oh and btw, noone is going to invest in a deindustrialized shithole with 200+% debt to gdp. This debt is never going to get repaid. The cow is slowly diying a death. Germans and Finns will need to work to 80yo but at least they can watch Bill dictating their health and future and Jeff claiming outer space.

Why doesn't Greece just buy its own debt now?

I will ask you something else. Why would the Greeks recapitalise 3-4 times with their taxes their banks that failed because of unpaid loans instead of directly pay for their loans to their banks? Why would the banks sell their loans to "funds" for 3 cent on the dollar instead of letting the greeks buy their loans for the same amount?

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Yeah this is how it should be, but I'm afraid that any government that attempted to do that would be quickly toppled.

Alas, we are forced to live in a democracy.

Ah yes sorry. Well

 

The ECB constantly buys bonds to release central bank funds into the market. Presumably they prefer to buy the shittiest bonds that the market would otherwise rate low

 

I don't think they're buying em with tax payer from that retarded emergency fund at this time, though I could be dreadfully wrong