Greece: debt laden, but looking to borrow again - economy |
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International financial markets are watching closely as Greece's government tests the water by borrowing up to 2.5 billion euros.
It does not need that money to do things like pay civil servants' wages or old age pensions, as currently European Union and International Monetary Fund bailout loans are covering those outgoings. But Athens wants to prove that investors have enough confidence in the country's future to loan it money. Greece currently owes 321.5 billion euros - a whacking 175 perc... READ MORE : http://www.euronews.com/2014/04/09/greece-debt-laden-but-looking-to-borrow-again What is in the news today? Click to watch: http://eurone.ws/1kb2gOl euronews: the most watched news channel in Europe Subscribe! http://eurone.ws/10ZCK4a euronews is available in 14 languages: http://eurone.ws/17moBCU In English: Website: http://www.euronews.com/news Facebook: http://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews |