Greece enjoys debt sale success

ATHENS - Greece has successfully sold government bonds in its first attempt since the huge EU-IMF loan bail-out was launched in early May.

It had sought to raise 1.25bn euros (P11.01 billion), but the offer was oversubscribed, with bids totalling 3.6bn euros.
Greece must repay the bonds after six months, with a return rate of 4.65%, which is lower than IMF loans.The controversial bail-out package is worth 110bn euros (P969.1 billion) over three years.

However, payments are on condition that Greece slashes public spending and boosts tax revenue.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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