Greece announces plans to sell debt for the first time in years

New York

GREECE, long Europe's economic problem child, is trying to prove that it has made progress in its recovery efforts, announcing plans to sell debt for the first time in years.

The proposed bond sale, the details of which were released on Monday, offered hope that Greece might at last be preparing to wean itself off international bailouts, totalling 460 billion euros (S$731.9 billion), that it has relied on since 2010 to stay afloat.