Greece Returns To Financial Markets – Part 2

July 9th, 2010 by Belisarius

I already wrote that Greece returning to financial markets despite receiving fully funded bailout is a stupid idea: Greece Returns To Financial Markets.

Apparently idea to issue 1-year bills was scraped and they are planing to issue 6-month notes. Reuters story: Greece to sell 1.25 bln eur of 6-mth T-bills July 13.

Greece will auction 1.25 billion euros ($1.58 billion) of 26-week T-bills on July 13 but will not go ahead with plans to also issue 12-month paper, the country’s debt agency (PDMA) said on Friday.

Hope they will scrap this also, I don’t understand taking such a risk without any need for it.

This entry was posted on Friday, July 9th, 2010 at 10:12 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “Greece Returns To Financial Markets – Part 2”

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