Nearly a decade after a sovereign borrowing crisis quickly spiraled into the worst economic implosion Greece has suffered after WWII – replete with three bailouts by institutional creditors – the country on Wednesday joined an enviable group of countries, namely, states selling off their debt with a negative yield.
Athens announced that it has floated new three-month debt at a negative yield.
The Greek state raised 487.5 million euros from the auction of 13-week T-bills at a yield of negative 0.02 percent, compared with 0.10 percent during a previous sale in August.
