Greece raises $3.4B in bond auction to help boost budget

By Associated Press

Greece raised 3 billion euros ($3.4 billion) in a 10-year bond auction Wednesday, which supplements tax revenue to finance everything from free COVID-19 tests for schoolchildren to fighter jets following its yearslong economic bailout program. Finance Minister Christos Staikouras said the country's first bond issue of the year was a success as it attracted “high demand and a high quality of investors.” Greece has financed itself through bond issues since the end of its 2010-2018 bailout program, forced after it lost market access following a string of credit rating downgrades triggered by excessive budget deficits and questionable data reporting.

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Via:: Sports Headlines

      

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