greece wants ecb bond pushback
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
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*

greece wants ecb bond pushback greece wants ecb bond pushback

 



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*

greece wants ecb bond pushback greece wants ecb bond pushback

 



GMT 23:00 2017 Wednesday ,09 August

Security developments in Iraq discussed

GMT 11:08 2017 Thursday ,28 September

Freak injury ends Lewis's blazing century against England

GMT 17:23 2017 Monday ,06 March

Revealing photo does not undermine feminism

GMT 21:41 2017 Saturday ,28 October

Barclays banks soaring quarterly profit

GMT 05:55 2017 Saturday ,14 October

Qatar World Cup official hits back at criticism

GMT 17:45 2017 Wednesday ,25 October

Nabih: team is separated from problems

GMT 14:08 2017 Tuesday ,24 October

US urges Iraq to avoid clashes with Kurds

GMT 03:20 2017 Friday ,29 December

When buying hearing aids: 6 essential things to know
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday