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

From other sites
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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs