EU safety net fails to lower Greek spreads
Greece went to the money markets yesterday for the first time since a European emergency credit mechanism was set up on March 25. It successfully raised a bond issue of five billion euros, but failed to restrain interest rates, continuing to borrow at high rates. The interest Greece will pay on that money is 5.9 percent.
http://www.ft.com/cms/s/0/b1699ebc-3b1d-11df-a1e7-00144feabdc0.html