Greece wants solution to debt at the ECB – Parool.nl

14-05-15 12:05 – Source: Reuters

Yannis Varoufakis. © epa

Greece’s repayment obligations on loans held by the European Central Bank (ECB) should be adjusted. That said, the Greek Finance Minister Yannis Varoufakis

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Greece must in July and August, a total of 6.7 billion euros to pay The ECB, for the repayment of Greek government bonds which bought the central bank in 2010 and 2011. That money should the Greek Ministry of Finance “in one way or another,” seeing to borrow from the euro countries and the IMF, Varoufakis said. But then wait another mountain to repayments, which would create unsustainable debt.

“There remains some € 27 billion of these bonds on which must be paid off in the coming months or years” , Varoufakis charged for. “These payments should be shifted to the distant future. That is clear, “said the minister.

The adjustment of the repayment obligations to the vision of Varoufakis using the European rescue fund ESM run. That would be buying bonds at the ECB, to replace them with new bonds with longer maturities

. “Amazing propaganda ‘

In a tweet emphasized Varoufakis after his speech that he alluded to the non-payment of installments by Greece. About message does that translate guilty of “stunning propaganda,” he said.

Greece is in deep financial trouble, partly because the country for months no emergency loans longer receive from the eurozone countries and the IMF. Providing support again only if there is agreement on the reform of the Greek economy.

The Greek Ministry of Economic Affairs made dvandaag announced that the European Bank for Reconstruction and Development (EBRD) the country until 2020 up to 500 million per year is anticipated. The EBRD wants to support with the money especially Greek SMEs because the key would be of economic recovery.