Wednesday August 20, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Pension funds not part of buyback, says PM

Greek Prime Minister Antoni's Samaras has said that pension funds won't be part of the country's bond buyback scheme, designed to shave nearly 30 billion euros ($39 billion) off the country's debt.

In an interview with the Sunday edition of Ethnos newspaper, Antonis Samaras said Greek banks will benefit from the transaction, because the book value of the bonds they hold is really low.

Greek bank stocks have been hit over the past week after it became clear that the buyback scheme was a precondition for the release of nearly 44 billion euros ($57 billion) in bailout aid from Greece's creditors.

Samaras says buying back the holdings of Greece's pension funds was never in play because this would not reduce Greece's debt.

Finance Minister Yannis Stournaras is due in Brussels again on Monday for the fourth Eurogroup meeting in as many weeks where he is expected to present to his eurozone peers details of a bond buyback scheme. [Combined reports]

ekathimerini.com , Monday December 3, 2012 (09:15)  
Dutch spend 461,000 euros to fence off Kings Greek holiday home
Police detain suspects over Kardamyli double murder [Update]
Syrian chemicals were safely destroyed off Crete, says OPCW
Greece to give children at primary school road safety lessons
Bank of Cyprus sells Romanian hotel stake
Troubled Bank of Cyprus, the islands largest lender, said on Wednesday it has agreed to sell its stake in Romanias Marriott Bucharest Grand Hotel to an Austrian firm for 95 million euros. ...
Only fraction of debtors declare bank accounts to avert confiscation
Out of some 3.3 million Greeks with debts to the state, only around 80,000 have declared to tax authorities a single bank account whose savings -- up to a 1,500-euro limit -- would be protec...
Inside Business
ATHLETICS
Long jumper Tsatoumas takes Greeces second silver at European Championships
Greece won its second medal at the European Athletics Championships in Zurich, Switzerland, on Sunday with Louis Tsatoumas coming second in the long jump. Briton Greg Rutherford won the even...
SWIMMING
Silver for Greece in 5k team event at European Swimming Championships
Greece claimed the silver in the team 5 kilometer event at the 32nd European Swimming Championships in Berlin on Saturday. The Greek team of Spyros Gianniotis, Antonis Fokaidis and Kalliopi ...
Inside Sports
COMMENTARY
Logged out of reality
It is a global phenomenon, and we have yet to fully grasp its implications for democracy and the functionality of Western states. The Internet is a bottomless well of information and a vast ...
EDITORIAL
Manipulated institutions
Greeces leftist opposition must not manipulate an institution as important as the President of the Republic for the sake of political ends. Regrettably, SYRIZA leader Alexis Tsipras appears...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Bank of Cyprus sells Romanian hotel stake
2. Dutch spend 461,000 euros to fence off Kings Greek holiday home
3. Police detain suspects over Kardamyli double murder [Update]
4. Only fraction of debtors declare bank accounts to avert confiscation
5. Russian sanctions seen giving EU 6.7 billion hit in ING estimate
6. Syrian chemicals were safely destroyed off Crete, says OPCW
more news
Today
This Week
1. Greek current account surplus widens in June
2. Two missing men found shot dead near Kalamata
3. Logged out of reality
4. Greek firms see 30 pct rise in PayPal payments from abroad in 2014
5. ECB in policy limbo, boxed in by its own plans
6. Greece to give children at primary school road safety lessons
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Samaras expects 'exceptionally important find' at Ancient Amphipolis
3. Rhodes villa built for Mussolini among properties Greek privatization fund is selling
4. Canadas fiscal adjustment has lessons for Greece
5. Treating Amphipolis with care
6. Greece to offer law on restructuring bad loans next month
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.