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14 May 2015
Debt repayments to the ECB should be pushed back to the distant future - Varoufakis
FXStreet (Mumbai) - Speaking at a conference in the Greek capital, Greece's Finance Minister Yanis Varoufakis briefed on the Greek bonds bought by the European Central Bank (ECB) under the Securities Market Program (SMP) in 2010-2011.
Key Quotes:
"Over July-August the finance ministry will have to borrow €6.7 billion from our partners in one way or the other to repay bonds from the SMP program," Varoufakis told the audience.
"About €27 billion of those bonds are still left, which should be repaid in the next months or years. These bonds should be pushed back to the distant future. This is clear."
Key Quotes:
"Over July-August the finance ministry will have to borrow €6.7 billion from our partners in one way or the other to repay bonds from the SMP program," Varoufakis told the audience.
"About €27 billion of those bonds are still left, which should be repaid in the next months or years. These bonds should be pushed back to the distant future. This is clear."