Latest Sovereign debt News

Greece's Prime Minister Kyriakos Mitsotakis, delivers a speech during a parliament session in Athens, on Wednesday, Dec. 18, 2019. Greek lawmakers debate on the state budget for 2020. (AP Photo/Yorgos Karahalis)

Greece retains negative yield in first debt auction of year

Jan. 8, 2020 8:14 AM EST

ATHENS, Greece (AP) — Greece has raised 487.5 million euros ($544.4 million) in a treasury bill sale that saw the country maintain its negative interest rate in the first debt auction of the year as the debt-strapped country attempts to regain full market access. The Public Debt Management Agency said the...

Greece's Prime Minister Kyriakos Mitsotakis, right, is applauded by lawmakers of his party following his speech during a parliament session in Athens, on Wednesday, Dec. 18, 2019. Greek lawmakers debate on the state budget for 2020. (AP Photo/Yorgos Karahalis)

Greece: Parliament backs ambitious state budget

Dec. 18, 2019 5:51 PM EST

ATHENS, Greece (AP) — Greek lawmakers approved a series of one-off benefits Wednesday that the new center-right government is justifying in terms of the country's better than expected budget performance. Next year's budget was approved 158-139 in a late-night ballot. Three lawmakers in the 300-seat house...

Secretary of Education Betsy DeVos follows President Donald Trump as they leave NCAA Collegiate National Champions Day at the White House, Friday, Nov. 22, 2019, in Washington. (AP Photo/ Evan Vucci)

DeVos: Defrauded students may only get partial loan relief

Dec. 10, 2019 6:41 PM EST

Students who are cheated by their colleges will receive full loan forgiveness only if they end up earning far less than their peers, while others will receive relief between 25% and 75% of their debt under new rules unveiled Tuesday by the U.S. Education Department. The policy is a departure from the Obama...

In 2020 budget, Greece vows to beat post-bailout targets

Nov. 21, 2019 9:33 AM EST

ATHENS, Greece (AP) — The Greek government has pledged to exceed the strict surplus targets demanded by its former bailout lenders for this year and next. In the 2020 budget submitted to Parliament Thursday, the government says it will outperform its primary surplus target— the annual balance before...