US EUROPE AFRICA ASIA 中文
    World / Europe

    How much Greece owes to international creditors

    (Agencies) Updated: 2015-06-29 06:43

    BRUSSELS - Greece, which may default on an International Monetary Fund debt repayment due on Tuesday after talks with creditors broke down, owes its official lenders 242.8 billion euros ($271 billion), according to a Reuters calculation based on official data, with Germany by far the largest creditor.

    That figure includes loans made under two bailouts from European governments and the IMF since 2010 -- worth a nominal 220 billion euros so far, of which some has been repaid -- as well as Greek government bonds held by the European Central Bank and national central banks in the euro zone.

    Private investors hold 38.7 billion euros of Greek government bonds following a major write-down and debt swap in 2012 that reduced the Greek debt stock by 107 billion euros and the value of private holdings by an estimated 75 percent.

    The Greek government has also issued 15 billion euros in short-term Treasury bills, mostly to Greek banks.

    Here is a breakdown of the country's foreign debt stock:

    IMF - Greece was promised a total of 48.1 billion euros by the IMF, of which 16.3 billion was still to come by March 2016 if Athens successfully completed the second economic adjustment programme. It had serviced and repaid loans on time up to this month, when it used an obscure IMF provision to bundle together four payments totalling 1.6 billion euros for payment by the end of June. The older IMF loans carry an interest rate of 3.5 percent, higher than the euro zone rescue fund charges.

    ECB - The ECB owns roughly 18 billion euros of Greek bonds, which would probably be worth a fraction of their face value should the country leave the euro zone, with 6.7 billion euros maturing in July and August.

    Beyond a default on Greece's national debt, any exit of Greece from the euro zone would lumber the European Central Bank with a huge bill for lost credit. ECB President Mario Draghi recently said that Greek banks had tapped 118 billion euros of central bank liquidity. That includes 89 billion in what is known as Emergency Liquidity Assistance (ELA). That remains the responsibility of the country's central bank but only if Greece stays in the euro. Were it to leave, the bill would rebound on other euro countries, including Germany.

    In addition about 45 billion euros of banknotes in Greece represents another liability, being a claim that the wider Eurosystem of central banks would be obliged to honour.

    THE EURO ZONE - Euro zone governments gave Greece 52.9 billion euros in bilateral loans under the first bailout agreed in 2010, known as the Greek Loan Facility. Under the second bailout agreed in 2012 Athens has so far received 141.8 billion euros from the euro zone's financial rescue fund. It had been due a further 1.8 billion euros by June 30 if it met conditions but barring major surprises that is off the table.

    Of the biggest euro zone members, Germany's exposure for the two bailouts totals 57.23 billion euros, France's is 42.98 billion, Italy's is 37.76 billion and Spain's 25.1 billion. That is in addition to their contributions to the IMF loans, commensurate with their respective quotas in the global lender.

    Euro zone countries have already extended the maturities of their loans to Greece from 15 to 30 years and reduced the interest rates on some to just 0.5 basis points above their borrowing cost. They also granted Greece a 10-year moratorium on interest payments on the second bailout loan from the euro zone rescue fund.

    Greece has asked for further debt relief from the Europeans, a move supported by the IMF. But euro zone governments have said they would only discuss that if Athens further tightens its budget. 957 euros)

    Trudeau visits Sina Weibo
    May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
    Ethiopian FM urges strengthened Ethiopia-China ties
    Yemen's ex-president Saleh, relatives killed by Houthis
    Most Popular
    Hot Topics

    ...
    精品无码综合一区| 日韩AV高清无码| 一本色道久久HEZYO无码| 精品国产毛片一区二区无码| 国产成年无码AV片在线韩国| 中文字幕色AV一区二区三区| 国产成人无码18禁午夜福利p| 最近中文字幕国语免费完整| 精品无码久久久久久国产| 久久久无码精品亚洲日韩蜜臀浪潮| 亚洲中文字幕在线乱码| 黄A无码片内射无码视频 | 亚洲成A人片在线观看无码3D| 亚洲精品无码高潮喷水在线| 中文字幕在线视频播放| 中文无码精品一区二区三区| 国产啪亚洲国产精品无码| 午夜不卡无码中文字幕影院| 一区二区三区无码视频免费福利| 亚洲成人中文字幕| 欧美日韩亚洲中文字幕一区二区三区| 国产又爽又黄无码无遮挡在线观看| 久久久久亚洲精品无码蜜桃| 人妻无码久久一区二区三区免费 | 色综合天天综合中文网| 日韩av无码中文无码电影| 无码av免费一区二区三区试看| 秋霞无码一区二区| 精品亚洲A∨无码一区二区三区 | 久久青青草原亚洲av无码app| 精品久久亚洲中文无码| 色视频综合无码一区二区三区| 精品人妻少妇嫩草AV无码专区| 国产亚洲美日韩AV中文字幕无码成人 | 久久av高潮av无码av喷吹| 精品久久久无码中文字幕| 人妻丰满熟妇A v无码区不卡| 无码人妻少妇伦在线电影| 亚洲无码精品浪潮| 中文字幕无码播放免费| 波多野结衣在线中文|