Greece on Wednesday successfully auctioned a six-month Treasury bill issue raising 1.625 billion euros from the market at a lower cost, ANA reports.
An announcement by the Public Debt Management Agency noted that the interest rate of the issue was set at 1.65 pct from 1.95 pct in the previous auction of same issue last month. Bids submitted totaled 2.218 billion euros, 1.77 times more than the asked sum.
Debt relief for Greece’s battered economy is critical for further promotion of its booming tourist industry.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
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