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Greece raises more than $5 billion ahead of repayment

By The Associated Press

This article was published November 13, 2012 at 11:11 a.m.

— Greece has raised $5.15 billion via the sale of short-term treasury bills, money that will help it make a crucial debt repayment Friday.

Without the money raised Tuesday, Greece would be staring at bankruptcy as the country’s international creditors have yet to sign off on the release of more bailout cash.

Greece has to pay back about $6 billion worth of bills that mature Friday.

Read tomorrow's Arkansas Democrat-Gazette for full details.


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