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Greece ends market exile with triumphant bond auction

Published on Apr 10, 2014 11:11 PM

ATHENS (AFP) - Bailed-out Greece returned to bond markets with a bang on Thursday after a four-year exile, raising 3.0 billion euros (S$5.19 billion) and sending a major signal that the eurozone debt crisis is fading.

Greece's EU-IMF creditors hailed the move which the Greek prime minister said had "opened the way for cheaper borrowing" for the recession-hit country.

"We have opened the way for cheaper borrowing on the markets tomorrow," Prime Minister Antonis Samaras said in a televised address.

"If all goes well from now on, next time the country will be able to borrow higher sums at lower interest," he said.

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