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Greece seeks support from ECB, vows to respect EU rules

New leftist government negotiating with eurozone partners to reduce its debt burden

Published Wed, Feb 4, 2015 · 09:50 PM

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    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.

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