top of page

Bailout Fatigue May Leave Greece Two Billion Euros Short

European foot-dragging could leave Greece short of 2.0 billion euros ($2.7 billion) this year as some euro zone creditors are reluctant to roll over their Greek debt holdings, Greek and euro zone sources involved in the matter told Reuters.

Greece's creditors—euro zone countries, the European Central Bank and the International Monetary Fund—agreed last December that the bloc's 17 national central banks would replace some of the Greek bonds they hold with new Greek paper as the debt matures.

This measure, called the "rollover of ANFA holdings", was expected to spare Greece from having to redeem 3.7 billion euros of debt in 2013-2014 and 1.9 billion euros in 2015-2016.

Comments


NEWSLETTERS

Get Reason In Your Inbox.

Thanks for submitting!

Join the

LIBERTARIAN PARTY

We are funded entirely by Americans who want to help give liberty a voice. By joining the Libertarian Party as a dues-paying member, you are investing in this critical work.

Thanks for submitting!

ADDRESS

1444 Duke St.

Alexandria, VA 22314-3403

PHONE

(800) ELECT-US

(800) 353-2887

EMAIL

bottom of page