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T-Bill Auction Drums Up €812M for Greece

  Greece made €812.5 million ($1 billion) in an auction of treasury bills on Wednesday, according to the Public Debt Management Agency (PDMA). The PDMA in...

Greece to Launch 12-Month Treasury Bill Auction

Greece will auction a 12-month Treasury bill issue next Wednesday, the first such auction to be held since April 2010. The move is designed to...

Greece Planning €19B 'Safety Net' to Avoid More Loans

Greece is drawing up plans for its own €19-billion ‘safety net’, to avoid the need for more credit from international lenders, Athens' finance minister...

Latest Greek Treasury Bills Sale Secures €1.13 Billion

The Greek government raised 1.138 billion euros (1.36 billion U.S. dollars) on Wednesday during the latest six-month treasury bills sale, the Greek Finance Ministry...

Greek Banks Resume T-bill Interbank Transactions

Greek banks have resumed T-bill transactions in the interbank market after a long period of exclusion, a Kathimerini newspaper report says. According to the report,...

ECB's Draghi Calls for 'Strong Agreement' With Greece

Following the European Central Bank's Governing Council meeting on Wednesday, Mario Draghi called for a "strong agreement" between Athens and its bailout lenders, saying...

Moody's Downgrades Greece's Government Bond; Outlook Negative

Moody's Investors Service has today downgraded Greece's government bond rating to Caa2 from Caa1. The short-term rating is unaffected by this rating action and...

Greece: Deal with Creditors or Face Disaster, Bankruptcy and the New Drachma

Within a few weeks, Greece will not be able to pay salaries, pensions and loan obligations to the International Monetary Fund and other lenders, unless a bailout deal is reached.