Greece pays slightly less at three-month debt auction


Greece raised 1.625 billion euros ($2.0 billion) in an auction of three-month debt on Tuesday, the public debt management agency said, at slightly reduced rates as the country tries to implement terms of an EU-IMF rescue plan.
Greek authorities ended up accepting an interest rate of 4.28 percent to borrow the funds, compared with 4.31 percent in the last similar operation on June 19.
A new coalition government is currently studying details of a plan to save 11.5 billion euros in 2013-14 to honour commitments agreed as part of the second bailout for Greece by the European Union and International Monetary Fund.