new economy for push
Houliarakis provides clearest view so far on Athens's debt relief expectations
A closer look at the composition of Greece's bad loans
Greek stocks drop 2.6 pct over week, banks drop 7.4 pct after big gains last weekBoG proposes debt relief measures and lower primary surplus target from 2018
In its monetary policy report published on Wednesday, the Bank of Greece (BoG) suggested a set of debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent of GDP from 3.5 percent from 2018 onwards and would keep gross financing needs (GFN) well below the 15 percent of GDP threshold set by the International Monetary Fund.
According to the BoG, sensible debt relief measures could include, extension of maturities, smoothing of interest payments over time, restoration of SMP and ANFA transfers and swap of IMF loans with European Stability Mechanism (ESM) loans.
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