New Research - Greece Sells Bonds to Avoid Default Friday

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Greece Sells Bonds to Avoid Default Friday

Cash-strapped Greece has raised the money it needs to help it avoid a default later this week, but says it still urgently needs more bailout funds in the coming days.

 The Athens government sold more than $5 billion in bonds Tuesday, which coupled with other cash will allow it to pay off more than $6 billion in financial obligations it owes on Friday.

 Greece has adopted another round of austerity measures demanded by its international lenders in an effort to secure another $40 billion ...

Source: Greece Sells Bonds to Avoid Default Friday