Daily News - Greece to hold T-Bill auction after rating cut (AP) Daily Business News
Reuters – Policemen try to escape from flames after a petrol bomb was thrown at them during riots in front of the … 
ATHENS, Greece – Greece is planning to hold a euro1.25 billion ($1.75 billion) treasury bill auction, a day after its debt rating was downgraded once again.
The auction of 26-week treasury bills is to due take place later Tuesday.
On Monday, Moody's slashed Greece's junk rating by three notches to B1 from Ba1, prompting a furious riposte from the Greek government.
Greece's Socialist government is hoping to renegotiate the terms of last May's euro110 billion ($154 billion) bailout deal with European countries and the International Monetary Fund.
Prime Minister George Papandreou began successive meetings with opposition leaders Tuesday ahead of a European Union summit on March 25.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
ATHENS, Greece (AP) — Greece is planning to hold a euro1.25 billion ($1.75its debt grade further below junk status billion) treasury bill auction, a day after its debt rating was downgraded once again.
The auction of 26-week treasury bills is to due take place later Tuesday.
On Monday, Moody's slashed Greece's junk rating by three notches to B1 from Ba1, prompting a furious riposte from the Greek government.
Greece's Socialist government is hoping to renegotiate the terms of last May's euro110 billion ($154 billion) bailout deal with European countries and the International Monetary Fund.
Prime Minister George Papandreou began successive meetings with opposition leaders Tuesday ahead of a European Union summit on March 25.
Comments :
Post a Comment