Greek Debt Buyback Misses Goal
From forexlive.com
Buyback attracted 32B euros Avg price was 33.5 cents on the dollar Operation fell short by around 450m euros Buyback will reduce Greek debt-to-GDP to 126.6% vs 124% goal Eurozone finance ministers will discuss next steps in a conference call this evening Reuters headlines, citing ‘eurozone sources’ A 32 billion euro buyback missing by 450 million doesn’t seem like a big problem but it’s a complicated operation.
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