Arab Today, arab today juncker creditors should waive part of greek debt
Last Updated : GMT 19:10:18
Arab Today, arab today
Arab Today, arab today

Juncker: Creditors should waive part of Greek debt

Arab Today, arab today

Arab Today, arab today Juncker: Creditors should waive part of Greek debt

Vienna - AFP

Greece\'s creditor countries should \"waive a portion of the Greek debt\", Jean-Claude Juncker, head of the Eurogroup of eurozone finance ministers, said Friday. As Greece resumed talks with banks and insurers on an elusive deal for a major debt writedown to escape looming default, Juncker told Austria\'s Standard newspaper that countries should ask themselves \"whether public aid may be needed\". The Luxembourg prime minister said the aim of reducing Greece\'s deficit to 120 percent of gross domestic product -- the level deemed desirable by the International Monetary Fund and a condition for further aid -- could not be \"fully achieved\" through the waiver of private debt only. The third round of talks between Athens and private creditors aims to reach agreement on a voluntary exchange of bonds that would wipe 100 billion euros ($130 billion) off the country\'s debt of 350 billion euros. The Private Sector Involvement deal under discussion would see private creditors take a \"haircut\" of at least 50 percent on the 200 billion euros in debt they hold. Two previous rounds of talks have snagged on the amount of interest to be paid on the remaining debt. The European Central Bank, which holds around 45 billion euros\' worth of Greek bonds, has so far ignored calls for it to also accept losses.

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 juncker creditors should waive part of greek debt Arab Today, arab today juncker creditors should waive part of greek debt

 



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 juncker creditors should waive part of greek debt Arab Today, arab today juncker creditors should waive part of greek debt

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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 Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: قضايا ساخنة
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