Greece heading toward a new normal

A long period of economic crisis in Europe begins a new chapter today as Greece gets back into the bond market game. The nation is expected to issue its first long-term debt issue since the EU bailed it out several years ago.

The Greek government is trying to test whether the cutbacks it has made are enough to make investors confident in its national economy, and early murmurs suggest that investor demand will exceed bond supply. The country's efforts are starting to bear fruit and contradicting the naysayers who said that Greece would have to leave the EU in order to weather the crisis.