Asmussen: Greece could buy back debt to meet its debt goal

Author: Jamie Coleman | Category: Central Banks
  • The ECB can’t buy bonds directly
  • Greek debt/GDP to be far above 120% by 2020
  • A buyback is not the same as a debt writedown

Presumably the ECB board members means that Greece could use bailout funds (or ESM funds?) to buy back its bonds and reduce its debt load.

 

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