Greece to clear five-billion-euro debt hurdle: debt agency | Bangkok Post: news

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Greece to clear five-billion-euro debt hurdle: debt agency

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Greece on Friday was in the process of repaying a five-billion-euro treasury bill with money raised from another debt issue this week, thus avoiding a payment default, a debt management agency source said. 

Public sector employees demonstrate in central Athens on November 13, 2012, against the expected layoffs in the public sector. Greece on Friday was in the process of repaying a five-billion-euro treasury bill with money raised from another debt issue this week and avoiding a payment default, a debt management agency source said.

"The payment is proceeding without problems, the necessary money is present," an agency source told AFP. He did not specify when the process would be complete.

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