Wednesday Jul 23, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Ifo: OSI debt restructuring would ease debt by 9 bln

Greece will reduce its public debt by some 9 billion euros if the eurozone decides to extend the bilateral loans amounting to 52.9 billion euros to 50 years and reduce its interest rate by 0.50 percent, according to Germany’s prestigious Ifo Institute.

The institute’s economists, who had originally spoken in favor of ousting Greece from the eurozone and against issuing loans to Athens, now say that Germany would stand to lose about 2.5 billion euros from the profits it will reap if there is no Greek debt restructuring. The calculation is based on the net present value of the loans issued to Greece.

Last week Bloomberg reported that Greece’s eurozone peers are considering an extension on the maturity period of their bilateral loans to Athens from 30 to 50 years as well as shaving 50 basis points off the interest rate, bringing it level with the three-month Euribor rate.

Ifo economists say that Greece’s peers have already missed out on revenues of 8 billion euros from the gradual restructuring of the repayment terms for the 52.9 billion euros. Originally the loans would have been repaid in five years with an interest rate of Euribor plus 3 percent for the first three years and plus 4 percent for the other two years.

ekathimerini.com , Tuesday February 11, 2014 (22:34)  
EU clears National Bank of Greece´s restructuring plan
Greek economy to grow 0.7 percent this year, IOBE says [Update]
Greek economy expected to grow 0.7 pct in 2014, IOBE think tank says
Structural reforms preferable to wage cuts, IMF experts say
EU praises Greece’s progress in departure from troika criticism
Overhauls in Greek markets, the economy and public administration are delivering results, the European Commission said Wednesday, signaling divisions among official creditors over the countr...
KKE chief slams Israel´s Gaza offensive
Communist Party (KKE) chief Dimitris Koutsoumbas has accused Israel of engaging in “genocide” against Palestinians as Tel Aviv's offensive in Gaza Strip continued. “Despite the problems faci...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Front-line threats
Ongoing developments in the country’s broader neighborhood are creating new challenges as well as threats in terms of the country’s interests. While the Middle East is turning into a big bla...
EDITORIAL
Testing behavior
No country is capable of functioning properly without having an elementary evaluation system in place to assess its public sector employees. In Greece, a country where the lowest common deno...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. EU clears National Bank of Greece´s restructuring plan
2. EU praises Greece’s progress in departure from troika criticism
3. KKE chief slams Israel´s Gaza offensive
4. Greek economy to grow 0.7 percent this year, IOBE says [Update]
5. Former SDOE chiefs given more time to prepare their defense
6. Greek economy expected to grow 0.7 pct in 2014, IOBE think tank says
more news
Today
This Week
1. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
2. Front-line threats
3. Testing behavior
4. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
5. Police release new photos of fugitive Roupa
6. Greek economy expected to grow 0.7 pct in 2014, IOBE think tank says
Today
This Week
1. The cost of excellence
2. Ex-Credit Suisse banker taps lesson for Greek rebound
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Summer storms cause problems in Thessaloniki, spread across the country
6. Greek banks able to tap investors after stress tests, HFSF Says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.