The country promises economic growth of 2.8% next year, which seems optimistic in an environment of strong slowdown in global activity. Those who lend him today do not even pretend to believe it. They simply note that, now well anchored in the euro area, Greece pays its lenders much better than other members of the single currency. France and Northern Europe go into debt at 10 years at negative rates, Italy offers a return of only 0.9%. This is even less so in Spain (0.15%) and even in Portugal (0.13%). And the trend may not improve in the coming months, given the monetary policy announced by the European Central Bank. In this sad universe of zero rates, the search for a small "premium" is well worth a few cold sweats: if the Greek debt attracts lusts and hunters yield is always rated in the category "junk bond ". That is to say, it theoretically presents a significant risk of default.