Tag Archives: debt swap

Creditors have cooled down Greece that has been awaiting for debt relief measures. “Greece has done its bit, now it wants debt relief,” Prime Minister Alexis Tsipras said on Thursday, two days after the agreement with creditors on additional measures 3.6 billion euros for 2019 and 2020. However, the country’s …

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I can’t help but remember German Finance Minister Wolfgang Schaeuble every time I read somewhere the word “Puerto Rico.” In 2015, Schaeuble offered  US-Treasury Secretary Jack Lew swap burdens of Puerto Rico with those of Greece. Would the swap have been a good deal for Germany and the Eurozone? Hardly. …

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Greece said to delete the debt write-off proposal from its negotiation list and proposed a debt swap instead. Finance Minister Yanis Varoufakis told about 100 financiers in London on Monday, that Greece would seek to swap some Greek debt owned by the European Central Bank and the European Financial Stability …

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