Monday, November 29, 2010

Greece gets bailout repayment extension - finmin

Greece will have until 2021 to repay its 110 billion euro ($145.7 billion) EU/IMF bailout loan, the country's finance minister said on Monday. n return, Greece will have to pay a higher fixed interest rate of about 5.8 percent from 5.5 percent, George Papaconstantinou told reporters.
"The decision is very important, it opens the way to return to markets earlier than expected," he said.















News source: Reuters link: article

No comments:

Post a Comment