x

Economy

Greece Taps Markets for 4th Time in 2021, Raises 2.5B Euros

ATHENS — Greece raised 2.5 billion euros ($3.1 billion) on Wednesday after reopening a 10-year bond auction, with demand reportedly more than 10 times the received amount.

Finance Minister Christos Staikouras said the yield at the latest auction was close to 0.9%. The bond was first issued in late January, when it raised 3.5 billion euros on a yield close to 0.8%.

The center-right government is hoping to take advantage of low interest rates to improve the country's long-term debt sustainability after three successive international bailouts ended in 2018.

It is the fourth time Greece has tapped the markets this year.

The pandemic pushed the country back into recession in 2020 and the national debt is expected to reach nearly 209% of annual output this year, according to the European Commission. 

RELATED

ATHENS - Greece's primary surplus stood at €1.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

ATHENS – After five years of systematic research, documenting and collecting stories from all over Greece, Istorima, the largest-scale collection of oral history in the country, continues its activity and is enriched with a renewed website with updated series and collections.

For centuries, ancient artifacts, art, and relics have been a topic of ownership, provenance, and morality debates.

LESVOS – The 2nd International ELIA Lesvos Confest (an olive conference and festival) took place at the Vrana Olive Press Museum on the island of Lesvos in Greece May 23-26.

NEW YORK – Pancyprian Association of America issued a statement mourning the passing of Constantine Iordanou, the businessman and philanthropist who was also a founding member of the Association.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.