Greece to auction T-Bills to help repay debt Near-bankrupt Greece has been relying on emergency loans since May, 2010 after being frozen out of long-term debt markets, but has maintained a market presence with regular treasury bill auctions of 13- and 26-week money. The country's new coalition government, elected in June, can only receive additional rescue loans after officials from its bailout creditors, the European Union and the International Monetary Fund, have finished analyzing its public finances.