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

8 July 2016
153 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

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece
GREECE
shares45 views
GREECE
shares45 views

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece

makis - Nov 17, 2017

Turkish Deputy Prime Minister Bekir Bozdag accused Greece of imprisoning Muslim Imams, despite the country being a member of the…

Greek PM says country would rely on itself to face flood disaster
POLITICS
shares57 views
POLITICS
shares57 views

Greek PM says country would rely on itself to face flood disaster

makis - Nov 17, 2017

Greek PM Alexis Tsipras thanked European countries for offering to help after the flash floods in western Attica, Wednesday, which…

US meteorologist explains deadly storm that flooded Greek towns
GREECE
shares77 views
GREECE
shares77 views

US meteorologist explains deadly storm that flooded Greek towns

makis - Nov 17, 2017

“When the Atlantic hurricane season begins to quiet down in late October and November, it’s time to cast an eye…

Leave a Comment

Your email address will not be published.