Greece looks at swapping bailout debt with 50-year bond

|By:, SA News Editor

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.