After this outcome which supports Greek Finance Minister George Papaconstantinou's estimation that Greece could properly return to international markets next year, the Organization is said to plan to proceed to an auction of three-month treasury bills on July 20. It will not auction though one-year treasury bills, as originally planned.
Due to an acute debt crisis that broke out last December, Greece this year borrowed at higher costs than other European Union member countries. Greece reached a deal to receive a 110- billion-euro (138 billion dollars) aid package with low interest loans from the EU and IMF over a three-year period to exit the crisis, in exchange of drastic structural reforms.