Greece's external public debt was reduced by roughly 620 million euros, while the state drained some two billion euros from a buy-back and reissuance of bonds with the country's four systemic banks.
Greece's external public debt was reduced by roughly 620 million euros, while the state drained some two billion euros from a buy-back and reissuance of bonds with the country's four systemic banks.
The latter are long-term securities maturing in 2050, and essentially means the re-issue of a 30-year bond that was privately placed in January 2020.
The latter transactions, in fact, generated significant profits and increases in capital for the previously thrice-recapitalized banks.
In a statement, Finance Minister Christos Staikouras pointed to a successful effort on the part of the Mitsotakis government to improve all of the sustainability indexes linked with the country's - huge - debt as well as ensuring the state's cash reserve liquidity.