(MENAFN- AFP) Greece's short-term debt rate jumped Wednesday ahead of a January 25 snap election that the government has described as critical to the country's future in the eurozone, officials said.
A three-month treasury bill sold at an interest rate of 2.15 percent, compared with 1.9 percent for a similar auction in December, the debt management agency said.
The auction raised 812.5 million euros ($960 million).
Early elections in Greece, caused by parliament's failure to name a new president last month, has sparked concern on international markets and among the country's EU-IMF creditors.
The ballot is likely to be won by anti-austerity party Syriza, which has pledged to reverse many of the fiscal reforms enacted over the past five years and seeks to cancel part of Greece's enormous public debt.
The outgoing conservative government says Syriza's policies will cause a standoff with Greece's EU peers and could cost the country its place in the euro.
Credit rating agency Moody's on Wednesday said a Greek exit from the euro was "relatively unlikely" but its increased likelihood "could still have negative implications" for other eurozone members too.
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