InfoAnda - Greece pays dearly to raise 1.95 bln euros

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Some Guantanamo Uighurs could go to Palau in October | 12 September 2009
Frenchman killed in armed robbery in Red Sea resort | | 29 January 2012
Watchmen director's cut headed to theaters | Entertainment | | 25 June 2009

US-ENTERTAINMENT Summary | 7 January 2011

Forum Views () Forum Replies ()

Read more with google mobile : Greece pays dearly to raise 1.95 bln euros

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Greece pays dearly to raise 1.95 bln euros AFP - 2 hours 8 minutes ago Send IM Story Print A man walks past the Bank of Greece. Greece has raised 1.95 billion euros in treasury bills drawing major demand but had to pay over double the last equivalent rate as returns on its benchmark 10-year paper hit a new record. ATHENS (AFP) - – Greece on Tuesday raised 1.95 billion euros in treasury bills drawing major demand but had to pay over double the last equivalent rate as returns on its benchmark 10-year paper hit a new record. "The total bids reached 6.92 billion euros and the amount finally accepted was 1.95 billion," the Greek debt management agency said in a statement. The agency had originally sought to raise 1.5 billion euros. It added that buyers were offered a uniform yield of 3.65 percent compared to 1.67 percent in the last three-month bill issue in January. The auction -- the third in a week -- comes after the rate of return on Greek 10-year government bonds rose to a record of 7.807 percent on Tuesday. The yield was already at 7.618 percent late on Monday -- way beyond the level that Greece can afford to pay if it is to get through its debt crisis. Last week, the government drew strong demand for one-year and six-month bills last week but had to offer high interest rates despite a stand-by rescue guarantee from the eurozone intended as a shield against steep borrowing rates. "At current elevated levels, the 13-week T-bill auction is expected to yields close to the four percent level," analysts at Dutch bank ING said in a note. Yields are typically lower for shorter-term bonds. The fresh auction comes a day before the government is scheduled to confer with officials from the European Union, the European Central Bank and the International Monetary Fund on the small print of the joint loan guarantee. The meeting was initially due on Monday but the air chaos in Europe caused by the volcanic eruption in Iceland pushed it back to Wednesday. The EU-IMF rescue deal is worth up to 45 billion euros (61 billion dollars) at around five percent interest rate in the first year. But the government last week called for talks on a "multi-year programme of economic policies." Its overall debt stands at nearly 300 billion euros. German central bank governor Axel Weber has said Greece may need up to 80 billion euros (108 billion dollars) in financial aid to avoid default, the Wall Street Journal reported. Greek Prime Minister George Papandreou on Monday said he would not hesitate to ask for a debt rescue from the EU and IMF if he deemed it to be "in the national interest." "If the national interest requires that we use the (EU-IMF debt) support mechanism, we will do so without hesitation and we will inform citizens of all the decisions," Papandreou told government officials according to his office. "If, to bring about the great changes needed and to take the country forward in safety we have to have recourse to this mechanism, then we will do it." Greece needs to raise about 10 billion euros in May to cover its debt and budget obligations but the current market mood suggests they will get the money only by paying record rates. The yield on benchmark Greek government bonds soared to 7.618 percent on Monday at around 16H00 GMT, up sharply from a stinging 7.366 percent on Friday and way beyond what Athens can pay if it is to get through the crisis. The government is labouring to reduce its debt and cut its budget deficit, currently at over 30 billion euros or at least 12.9 percent of output, by an unprecedented four percentage points this year. It is implementing spending cuts and tax hikes worth around 16 billion euros this year, angering labour unions who have staged general strikes and a series of work stoppages. The entire public sector ill shut down Thursday as civil servants hold another 24-hour strike. Another union representing Communist workers has called a 48-hour strike from Wednesday. State-employed doctors have also announced a 48-hour strike on Wednesday. The largest Greek union, which represents the private sector, has also indicated plans for industrial action later this month. The country is already caught in a deepening recession, and the state statistics office on Tuesday said unemployment had increased to 11.3 percent in January with over 560,000 people out of work, a 12.3-percent rise on December. Recommend Send IM Story Print News Search Top Stories Fog, rain again delay shuttle Discovery landing Greece may use EU loan by next month: finance minister Goldman Sachs posts soaring $3.46 bln profit UK financial watchdog launches Goldman Sachs probe Greece pays dearly to raise 1.95 bln euros More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Venezuelan boxer hangs himself after murder rap Volcano cloud pushes European airlines to the brink: analysts Ocean census uncovers 'new world' of marine microbe life Airlines urge governments to reopen routes Iceland eruption tapering off, spewing lava and less ash More Most Viewed » Two-million-year-old hominid sheds light on evolution Taiwan's male 'Susan Boyle' a web sensation EU emergency talks as volcano cloud havoc worsens More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Tuesday, 20 April 2010
Al Qaeda's two top Iraq leaders killed in raid
Al-Qaeda commanders killed in Iraq
Microsoft yanks "sexting" shot from Kin ad
YouTube to stream IPL semis and final live in US
Iraqi panel orders vote recount in Baghdad
Generation Beshir: Sudan's leader holds youth vote
US-TECH Summary
Air traffic bans boost video conferencing: Cisco
U.S. faults Sudan election but will work with victors |
Airlines urge governments to reopen routes
Palm shares slide after software chief quits
Venezuelan boxer hangs himself after murder rap
Videogame titan Ubisoft going green
On anniversary, pope calls Church wounded sinner |
Startup ALGO claims trading software nears speed of light
U.N. fears Congo pullout will hurt fight against rape |
Netanyahu : No way to 'impose' Middle East peace
Official: Kyrgyz president leaves Kazakhstan
Ethnic group in Myanmar gears up for war, peace
Video shows Taliban swarming mountaintop base
2 bombs hit northwestern Pakistani city; 23 dead
Bombs at market, school kill 24 in Pakistan's Peshawar
3 rescued, 5 days after China quake killed 2,000
Armed Thai troops guard business zone
Air traffic bans boost video conferencing: Cisco |
Startup ALGO claims trading software nears speed of light |
Indonesia court upholds blasphemy law
Palm slides after losing key exec, RadioShack |
India's TCS quarterly profit up 47%, beating forecast
China plants working for Microsoft break labor law
US-ENTERTAINMENT Summary
"Back-up Plan" worked well for director Alan Poul
Ex-employee to sue Prada Japan over alleged harassment
Punk pioneer McLaren to be buried on Thursday
Not as close Aerosmith members put differences aside to tour
Rolling Stone puts entire archives online
Weinstein brothers closer to acquiring Miramax: WSJ
Pop pioneer hails Germany despite Holocaust misery
After 100 years, gypsy jazzman Django plays on
Final tally puts Kick-Ass atop box office |
Jennifer Aniston sees movie directing in future |
Volcanic ash hits Iron Man 2 premiere, strands stars |
Back-up Plan worked well for director Alan Poul |
Punk pioneer McLaren to be buried on Thursday |
Turkey offers to act as Iran intermediary
Volcano fallout raises specter of airline aid
Facebook? Twitter? Microsoft tops social media use
Pope says he leads a 'wounded and sinner' church
Qatar suspends new visa plan
Fog, rain again delay shuttle Discovery landing
Few flights resume in Europe, new ash cloud reported |
Asia computer sales up 38% in first quarter: IDC
Afghanistan kicks off registration for elections: official
Greece may use EU loan by next month: finance minister
Goldman Sachs posts soaring $3.46 bln profit
Online conferencing takes off amid volcano chaos
Turkey ready to be Iran nuclear deal intermediary
Amazon files lawsuit to block N.Carolina's data request
UK financial watchdog launches Goldman Sachs probe
Afghanistan kicks off 'registration' for elections
Thai red shirts call off march, stock prices jump |
Third of U.S. teens with phones text 100 times a day
U.S. warns Syria on weapons transfers
LibDems target banks to build on momentum |
Greece pays dearly to raise 1.95 bln euros
Google cyberattack hit password system: report
Iraqis say Qaeda deaths will not improve their lives |
Al-Qaeda commanders 'killed in Iraq'
Netanyahu urges oil sanctions on Iran
Think-tank unveils website to boost aid controls
Greece borrows 1.95 bln euros but at high rate
Australian PM wins health deal aimed at re-election |
South Sudan party accuses north of troop buildup
Facebook pages group people based on likes
Greek bond yields hit record high on investor fears
North Korea readying for 3rd nuclear test: report |
IBM raises earnings outlook as technology spending improves
Bolivia hosts 'people's' climate change event
China says door not shut to negotiations with Iran |
Asia computer sales up 38% in first quarter: IDC
White House cranks up pressure on finance reform
South Africa's Malema to escape ANC discipline |
Indonesia: Terror chief's relative gets 8 years
Kyrgyz leaders try to quell violence |
Expedition recreates 'Bounty' survival-at-sea saga
U.S. helps African navies with floating academy |
Filipino slaying suspect endorses a prez candidate
Goldman Sachs posts huge profits amid fraud scandal
As India booms, social welfare struggles to catch up
Indonesian graft allows Islamist militancy to flourish
Thai protesters back down after live fire threat
Tanning bed usage may be addictive, study warns
Thai protesters fortify camps in heart of Bangkok
US summons Syria diplomat over Hezbollah arms transfer
U.S. to end military operations in Haiti on June 1
Witness
Malaysian lawmaker in trouble over polygamy
Google cyberattack hit password system: report |
Amazon files lawsuit to block North Carolina's data request |
Facebook? Twitter? Microsoft tops social media use |
Fake security software still big problem
Volcanic ash hits "Iron Man 2" premiere, strands stars
China Mobile says profit up 1.1 percent
Third of U.S. teens with phones text 100 times a day |
India hikes rates to counter 'worrisome' inflation
Nissan halts some vehicle production amid air havoc
Thomson
Asian markets boosted by US rally, bargain-buying
Indonesia under fire for upholding scripture over rights
Toyota pays record US fine, widens safety recall
Indonesia court upholds blasphemy law
Congo musicians, Rolling Stones at Cannes side-fest
Nissan to halt output due to parts shipment delay
Sri Lanka to host Indian film awards
China restricts pre-sales to curb property prices
MGM's uncertain future stops work on new 007 film
Pakistani o/n rates rise; rupee weakens; stocks down
Fox renews "Cops" for 23rd season
EU chamber says China business climate worsening
Anniversary for Brasilia leaves architect 'sad'
India's central bank hikes key interest rates
Music legend John Hammond gets film treatment
Grandiose sequel for epic Russian film
Judge rejects Carly Simon suit against Starbucks
Reality TV shatters taboos in India
Laurence Fishburne staying on CSI |
Sex and the City 2 tickets already a hot item |
Brother of Precious star apologizes for abuse |
Judge rejects Carly Simon suit against Starbucks |
Teen actress flexes muscles in Kick-Ass |
Dragon testifies to box office life after opening |
Fox renews Cops for 23rd season |
Music legend John Hammond gets film treatment |
James Bond movie delayed due to studio auction |
Kelsey Grammer shines in La Cage Aux Folles |
Pirates take 3 Thai ships with 77 crew |
Internet video stokes Sudan poll fraud fears |
Imposed Mideast solution would stoke violence: Israel FM |
NATO troops fire on vehicle, kill 4 unarmed Afghans |
Apple says iPad 3G available on April 30 |
Undersea telecoms cables face growing risks: report |
Kylie back with single in June, album in July |
Lily Allen, Dizzee Rascal lead shortlist for Ivors |
Zoe Saldana is one tough cookie |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01