Re:Germany Deserved Debt Relief, Greece Doesn't
by chi-sq on Thursday July 09, 2015 @12:57PM
(#9859133)
Second Greek bailout included a €100bn haircut.
From Wikipedia: "EU Member States would also pass on to Greece all profits which their central banks made by buying Greek bonds at a debased rate until 2020. Private investors accepted a slightly bigger haircut of 53.5% of the face value of Greek governmental bonds,[10] the equivalent to an overall loss of around 75%."
From the article: "The Federal Republic of Germany's creditors -- 20 countries including Greece -- indeed agreed at a London conference to write off 55 percent of the country's 32.3 billion Deutsche marks of foreign debt."
From Wikipedia: "EU Member States would also pass on to Greece all profits which their central banks made by buying Greek bonds at a debased rate until 2020. Private investors accepted a slightly bigger haircut of 53.5% of the face value of Greek governmental bonds,[10] the equivalent to an overall loss of around 75%."
From the article: "The Federal Republic of Germany's creditors -- 20 countries including Greece -- indeed agreed at a London conference to write off 55 percent of the country's 32.3 billion Deutsche marks of foreign debt."