No. 247. An evaluation of the French proposal for a restructuring of Greek debt:
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Bibliographische Detailangaben
1. Verfasser: Kopf, Christian (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Brussels [Belgium] CEPS Centre for European Policy Studies 2011
Schlagworte:
Online-Zugang:BSB01
Beschreibung:French commercial banks are proposing a swap of €85.5 billion in Greek government bonds maturing between 2011 and 2014 into a combination of new long-term Greek bonds with principal guarantee and cash payments. If this initiative were implemented under the proposed parameters, private creditors would only suffer a minimal haircut and official lenders would be provided with cash-flow relief of around €20 billion over the next three years, but the solvency of the Hellenic Republic would worsen significantly
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