Greece today placed 1,300 million euros owed to three months at an interest rate of 2.70%, the same level as the previous comparable auction June 10, it was announced.
According to the Greek Public Debt Management Authority (PDMA, acronym in English), demand was 1,300 million euros, 1.30 times higher than the 1,000 million euros of initial offer and exactly equal to the previous auction.
Greece has a ceiling of short-term debt auction of 15,000 million euros, which was reached last year, making can only put on the market bonds in the same amount of that fall due.
One of the applications of Alexis Tsipras Government is precisely to be able to increase this ‘ceiling’ to have access to more liquidity in the markets.
However, the rules of . ECB state that increasing the limit is only possible if Greece is to apply the measures of the rescue program, which currently is locked
The interest of the Greek debt to ten years were now about 12: 10 in Lisbon to 12.9%, the same level as the day before.
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