Greece seeks support from ECB, vows to respect EU rules

Frankfurt

GREECE'S new leftist government appealed to the European Central Bank (ECB) on Wednesday to keep its banks afloat and vowed to respect European Union rules as it seeks a negotiated solution with eurozone partners to reduce its debt burden.

The new Greek government also held its first bond auction since taking office on Wednesday, raising 812.5 million euros (S$1.3 billion) in six-month treasury bills as demand fell to an eight-year low.

Finance Minister Yanis Varoufakis said after meeting ECB president Mario Draghi in Frankfurt that he believed Athens could count on central bank support during the short period it woul…