Tuesday, June 29, 2010

Greece set for return to finance markets

Financial Times
May 28, 2010

Greece is preparing a make-or-break return to the financial markets next month as it plans to raise about €4bn in its first borrowing attempt since last month's bail-out by the European Union and International Monetary Fund.

Petros Christodoulou, head of the Greek debt management agency said: "Our intention is to roll over three-, six- and 12-month treasury bills maturing in July."

The EU and IMF have approved the roll-over of short-term debt in July and October this year under the terms of a €110bn ($136bn, £90bn) loan agreement with the Greek government.

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