Money Snatchers

Greece’s economy shrank more than feared last quarter and the government on Friday sharply revised down its figures for the previous three quarters as well, increasing doubts about its ability to resolve its debt crisis.

The scale of new spending could renew investor jitters about the government’s burgeoning debt.

Greece revealed a public debt colossus of 300 billion euros Thursday as the government called a crisis meeting on its financial woes and the European Union met amid disagreement on how to help a eurozone member.

WASHINGTON — The idea that the government of a major advanced country would default on its debt — that is, tell lenders that it won’t repay them all they’re owed — was, until recently, a preposterous proposition. …

Sept.

April 10 — Treasury 10-year notes fell for a third week as the government’s sale of $59 billion in debt and signs the economy is stabilizing diminished the safety appeal of U.S. securities.