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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.
Comments (1)
  • I can't pay you just now but I promise faithfully I will pay you in 50 years time.
    7 Oct 2013, 03:28 AM Reply Like
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