Thursday, March 15, 2012

Summary Box: Greece raises $2.04B in debt auction

WHAT HAPPENED: Greece raised euro1.625 billion ($2.04 billion) in a debt auction, its first since getting bailed out in May. The sale of 26-week treasury bills was oversubscribed 3.64 times _ reflecting strong investor interest.

WHY IT MATTERS: The sale was an important test of Greece's financial recovery effort amid continued …

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