Greece Plans 4.5 Bln Euro Bond Rollover to Plug Fiscal Gap

Greece Plans 4.5 Bln Euro Bond Rollover to Plug Fiscal Gap

Greece’s finance minister said the government plans to roll over about 4.5 billion euro of bonds maturing in March next year to partly plug a fiscal deficit, Reuters reported.
"We are thinking of rolling over the bonds issued by the finance ministry in exchange for preferred shares from banks, about 4.5 billion euro. This means covering a big part of the funding gap," finance minister Yannis Stournaras said.
The IMF and Greece estimate that the country faces a funding gap of nearly 11 billion euros for 2014-15.
 
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.