Greece – Greek minister wants to link debt payments to growth -Der Spiegel via ForexLive

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Greece's economy minister Georgios Stathakis said in an interview with German weekly magazine Der Spiegel it would be better to link the country's debt repayments to its economic growth rate:

  • “At the moment, we spend around five percent of gross domestic product on servicing our debt. …It would be better if we linked the repayment to growth: if growth is higher, we pay more, if it is lower, we pay less”
  • Asked about 2.3 billion euros in debts Athens has to repay by the end of February, Stathakis replied: “We will service them (the debts).” Asked how, he simply repeated: “We will service them.”

More at Reuters

 

posted via ForexLive

Posted In: FuturesForexGlobalEconomics
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