Arab Today, arab today greek pm seeks 30 debt haircut grace period for 20 years
Last Updated : GMT 05:46:54
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Greek PM seeks 30% debt haircut, grace period for 20 years

Arab Today, arab today

Arab Today, arab today Greek PM seeks 30% debt haircut, grace period for 20 years

Greek Prime Minister's address Alexis Tsipras
Athens - AFP

Greece's Prime Minister Alexis Tsipras on Friday spelt out debt restructuring demands he wants international creditors to adopt, ahead of a weekend referendum he hopes will strengthen his position in negotiations.

In a television address, Tsipras called for "a 30 percent haircut off the Greek debt" and "a 20-year grace period" for the rest, to ensure "the viability of debt" in Greece, which currently stands at nearly 180 percent of its gross domestic product (GDP).

 

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