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Sunday, Oct 6
Greece looks at swapping bailout debt with 50-year bond
- Greece is considering replacing loans from its first €52.9B bailout with a 50-year government bond should it this year achieve a primary budget surplus, which would allow it to request further relief from the Troika.
- Such a debt swap would extend the repayment of the loans by decades; as it is, Greece doesn't have to start returning the debt until 2025.
- Discussions over the proposal between Greece and the Troika haven't yet begun.
- ETF: GREK