Greece takes next steps, including bond swap, to enhance debt profile over coming years

EconomyMacroeconomy Tags: Debt, Eurogroup, IMF
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

This week started with two developments that intend to further smooth out Greece’s debt obligations in the coming years.

The Greek authorities have for some time been trying to convince the institutions that the balance of Greece’s obligations to the IMF should be cleared and that Athens should also prepay some of the GLF instalments, from the bilateral loans of the first...

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