Arab Today, arab today greece wants ecb bond pushback
Last Updated : GMT 17:51:52
Arab Today, arab today
Arab Today, arab today

Greece wants ECB bond pushback

Arab Today, arab today

Arab Today, arab today Greece wants ECB bond pushback

Greek finance Minister Yianis Varoufakis
Athens - AFP

Greece wants the European Central Bank to agree for Athens to delay payment on some 27 billion euros ($30 billion) in Greek bonds that it will otherwise be unable to repay, the finance minister said Thursday.

"It's quite simple, these bonds must be pushed into the future, this is clear also to the ECB," Yanis Varoufakis told a conference.

The Greek bonds were part of a batch purchased by the European Central Bank in 2010 and 2011, Varoufakis said.

Athens in July and August is already scheduled to repay over 6.0 billion euros to the ECB from the same bonds, Varoufakis said.

"The finance ministry will have to borrow from our peers, in some way, to repay them," he said.

Varoufakis has warned that the country risks running out of cash within two weeks if no deal is reached with its creditors to unlock the last tranche of aid funds.

Four months of deadlock between Greece's radical Syriza-led government and its EU-IMF creditors over the reforms needed to release a final 7.2 billion euros in bailout funds has generated concerns Athens is running critically short of cash and may soon end up defaulting, setting off a messy exit from the euro.

Pro-government daily Avgi on Thursday said Greece was hoping to secure a deal before a 302.5-million-euro repayment to the International Monetary Fund on June 6.

Athens is hoping to arrange a meeting of eurozone finance ministers to green-light an agreement by May 25, the daily added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece wants ecb bond pushback Arab Today, arab today greece wants ecb bond pushback

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece wants ecb bond pushback Arab Today, arab today greece wants ecb bond pushback

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday