“Short-term Greek debt relief proposals in next few weeks”

8 July 2016
667 Views

The head of the European Stability Mechanism Klaus Regling revealed that he will present his proposals for short-term debt relief for Greece in the next few weeks.

In his interview for French newspaper Les Echos, Mr. Regling underlined three aspects of these short-term measures, the first of which is the normalization of the Greek debt repayment periods. This, he added, is already taking place and estimated that the average debt maturity is 28 years, which could potentially increase to 32 years.

The second step is reducing the interest rate risk, namely to protect Greece for future interest rate growth. Finally, Mr. Regling pointed out that there is a huge interest rate increase in a small part of the Greek debt in 2017, which he intends to ‘eliminate’, saving hundreds of millions of euros.

You may be interested

Greek government considers introducing time limit in movement of citizens outdoors
GREECE
shares9 views
GREECE
shares9 views

Greek government considers introducing time limit in movement of citizens outdoors

Panos - Mar 31, 2020

Greek government spokesman Stelios Petsas alluded to the prospect of tighter controls on the curfew in an interview with SKAI…

Coronavirus Greece: 43 dead, 56 new cases, 1.212 in total
GREECE
shares15 views
GREECE
shares15 views

Coronavirus Greece: 43 dead, 56 new cases, 1.212 in total

Panos - Mar 31, 2020

The dead from the coronavirus in Greece has reached 43 as confirmed by the official announcement of Sotiris Tsiodras on…

Weather forecast: Clouds, rain
GREECE
shares12 views
GREECE
shares12 views

Weather forecast: Clouds, rain

Panos - Mar 31, 2020

Clouds, rain and northerly winds are forecast for Wednesday. Wind velocity will reach 6 on the Beaufort scale. Partly cloudy…

Leave a Comment

Your email address will not be published.