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.
BRUSSELS — European Union leaders Friday played down the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia’s war in Ukraine.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
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