Registration was successful!
Please follow the link from the email sent to

This is What Greece's Public Debt Profile Looks Like

© REUTERS / Alkis KonstantinidisGreek national flags are displayed for sale at the entrance of a one Euro shop in Athens
Greek national flags are displayed for sale at the entrance of a one Euro shop in Athens - Sputnik International
Subscribe
Athens is legally required to deliver on Tuesday a $1.7-billion payment to the International Monetary Fund (IMF).

MOSCOW (Sputnik) — As of April 1, 2015, Greece’s national debt stood at 312.7 billion euro ($349.4 billion), according to Greek Ministry of Finance estimates.

Its short-term debt (up to a year) was 39.9 billion euro or 12.8 percent.

Medium-term debt (1 to 5 years) stood at 34.1 billion euro or 10.9 percent, whereas long-term debt (more than 5 years) made up the remaining 238.7 billion euro (76.3 percent).

The Greek, left, and EU flag flap in the wind - Sputnik International
Greek Crisis: How Did the Debt Spiral Unfold?
The largest part of Greece’s debt – 184 billion euro – is owed to the European Financial Stability Facility (131 billion euro) and some Eurozone countries, including France and Germany.

Greece owes 27 billion euro to the European Central Bank and 21 billion euro to the International Monetary Fund.

Part of Greece’s debt belongs to private investors and short-term bond holders. Private debt is not an essential threat to the Greek economy, as a major portion of it has been restructured.

Short-term bonds can be reissued to pay off previous bonds, but the deadline for repayments to the ECB and IMF expires in the next five years, of which the sum of 10 billion euro has to be paid before the end of September, 2015.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала