Κυριακή 1 Φεβρουαρίου 2015

Greece's EM wants to link debt payments to growth




Greece's EM wants to link debt payments to growth


English.news.cn   2015-02-01 17:57:19
Greece's EM wants to link debt payments to growth

BEIJING, Feb. 1 (Xinhuanet) -- Greece's economy minister Georgios Stathakis has said it would be better to link the country's debt repayments to its economic growth rate, since it needs a feasible solution to bring its sovereign debt under control. Stathakis said in an interview that at this moment Greece spends around five percent of its gross domestic product on paying its debt. He suggested if growth was higher, Greece would pay more, but if it's lower, his country would pay less.
Athens faces about 10 billion euros in repayments this summer and is shut out of international bond markets while it waits for a final bailout package from international lenders amounting to 7.2 billion euros.
(Source: CNTV.com