Greece Weighs Repaying More Than €6.9 Billion in Bailout Loans as Market Borrowing Opens Options
Updated
Updated · Bloomberg · May 13
Greece Weighs Repaying More Than €6.9 Billion in Bailout Loans as Market Borrowing Opens Options
1 articles · Updated · Bloomberg · May 13
Greece is examining an additional early repayment of bailout-era loans this year, beyond the €6.9 billion it already plans to pay back next month.
Any extra repayment would depend on raising more funds in debt markets, according to a person familiar with the matter, with no final decision yet taken.
Officials are also considering an alternative use of fresh borrowing—a buyback of existing bonds instead of further repayment of official-sector debt.
The move would extend Greece's effort to reduce liabilities left from its bailout years by refinancing them on potentially better market terms.
Is Greece swapping stable long-term debt for risky market exposure in its rush to repay bailout loans early?
Could Greece's aggressive debt strategy be the final step to economic freedom or the beginning of a new trap?