Greece launches debt buyback as Spain bank cash agreed | Bangkok Post: news

News > World

Greece launches debt buyback as Spain bank cash agreed

- +

Greece launched Monday its bid to buy back privately held debt at a big discount, freeing eurozone finance ministers to nod through 39.5 billion euros ($51.3 billion) to recapitalise Spain's banks next week. 

Piles of garbage outside a bank branch in Thessaloniki. Greece launched an operation to buy back privately-held debt at a big discount, with eurozone finance ministers in Brussels studying the terms on offer alongside plans to bail out Cyprus too.

Eurogroup chairman Jean-Claude Juncker also announced he would step down come year-end, although his successor remains far from clear, with France long resisting moves to hand the post to German Finance Minister Wolfgang Schaeuble.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments