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.


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Comments (1)
  • blowforhome
    , contributor
    Comments (9) | Send Message
    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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