Greece to issue 1.2-billion-euro treasury bills next week

08:40, April 12, 2010      

Email | Print | Subscribe | Comments | Forum 

Greece plans to auction 26- and 52-week treasury bills totaling 1.2 billion euros next week, the Greek Public Debt Management Agency said Friday.

According to local media reports, the books will open next Tuesday.

Debt- ridden Greece which is under pressure from EU partners to fix its economic woes that threaten the stability of the eurozone, has already borrowed 23.6 billion euros this year and needs to raise around 10 billion euros in May to meet its financing needs.

Ten days ago, just after the EU Summit deal on an EU-IMF support mechanism, Greece re-issued a 20-year state bond in an urgent auction, raising 390 million euros at an interest rate of 5.9 percent.

Greek government officials who speak of speculative games against Greece and the whole eurozone, consider "unreasonable" the current interest rates.

After a meeting with Prime Minister George Papandreou on Friday, Greek Finance Minister George Papaconstantinou expressed optimism that the interest rates "which do not reflect the true condition of the national economy will gradually fall as Greece restores its credibility".

(1 euro =$1.3384)

Source: Global Times


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion