Handelsblatt: Berlin believes long-term interest rate freeze on Greek loans could cost up to 140bln€

29 March 2017
637 Views

German mass daily Handelsblatt this week claimed it has a German finance ministry document in its possession warning that any “freeze” in interest rates tacked on to Greek loans until 2040 could cost creditors up to 140 billion euros.

In an extensive report on the Greek debt issue, Handelsblatt said the ministry and FinMin Wolfgang Schaeuble are following an “extremely defensive position”.

The Dusseldorf-based newspaper said the prospect of a long-term freeze of interest rates — one of several debt relief measure often cited for Athens — has been characterized by German finance ministry officials as essentially “new and extended loans”.

You may be interested

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices
GREECE
shares18 views
GREECE
shares18 views

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices

Panos - May 07, 2021

The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…

Foreigners looking to buy Greek property amid Covid-19 pandemic
FINANCE
shares31 views
FINANCE
shares31 views

Foreigners looking to buy Greek property amid Covid-19 pandemic

Panos - May 07, 2021

Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…

Greek Taxisnet services not available for citizens over weekend
FINANCE
shares23 views
FINANCE
shares23 views

Greek Taxisnet services not available for citizens over weekend

Panos - May 07, 2021

Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…

Leave a Comment

Your email address will not be published.