Displaying items by tag: greek debt

The Greek debt would be 25 billion euros lighter if the governments of Greece over the last few years had struck at the “mafia” that plunders the fuel sector.

In an interview with Germany's Der Spiegel magazine, Klaus Regling - who heads the European Stability Mechanism (ESM), Greece's largest creditor with 133 billion euros in 30-year loans already disbursed at an interest rate of 1.5 percent, is quoted as saying "there will be no debt restructuring."

In an interview to French daily "Liberation," Yannis Stournaras has expressed the hope that after four years of austerity, European partners will help Greece lower its debt so that it can be sustainable over the long term.