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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Greece on Wednesday began taking offers on a seven-year bond, state agency ANA said, amid efforts to shore up its economy during a costly coronavirus lockdown. According to reports, the Greek debt agency will seek to raise around 2.0 billion euros ($2.2 billion). "We don't want to raise large amounts because we do not have the (financing) needs of other countries," Finance Minister Christos Staikouras told Action24 TV on Tuesday. In a stock exchange announcement late Tuesday, Athens said it had "mandated Citi, Commerzbank, Credit Suisse, Morgan Stanley, Nomura and Societe Generale" to handle the offering with a maturity of April 2027. Greece in January issued a 15-year bond that raised 2.5 billion euros ($2.75 billion). The country had originally aimed to borrow between 4.0 and 8.0 billion euros in 2020, according to the budget. But the government has earmarked 24 billion euros in national and EU funds to support the economy this year due to the coronavirus shutdown. Staikouras has told parliament that emergency measures to support businesses and employment in March and April will cost 5.1 billion euros. In a report Tuesday, the International Monetary Fund (IMF) forecast a 10-percent recession for Greece in 2020. Greece has cash reserves of over 35 billion euros, including 15.7 billion euros earmarked for debt repayment. Greece's borrowing costs had fallen to historic lows before the start of the pandemic but rose again in March. jph/bmm
schema:headline	Greece taking offers on 7-year-bond
schema:mentions	Morgan Stanley Great Recession Athens Finance minister Greece International Monetary Fund Lockdown European Union Pandemic Severe acute respiratory syndrome coronavirus 2 Christos Staikouras Société Générale Commerzbank Credit Suisse
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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