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Greece to seek debt relief at eurozone meeting

  • Greece plans to ask the eurozone to ease the country's debt burden at a meeting today of the bloc's finance ministers in Brussels.
  • Greece's Yannis Stournaras is expected ask for loan repayments to be extended to 50 years from 30 years and for lower interest rates on some of the nation's debt.
  • The requests would come after Greece achieved a primary debt surplus in 2013 for the first time in a decade, and after it auctioned €3B of five-year bonds in April. However, Greece's debt and economic forecasts are rosier than those of its creditors.
  • ETF: GREK
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