FXstreet.com (Barcelona) - Reuters is out reporting on a Eurogroup document laying out details on Greek debt, which is seen at Ddebt to GDP of 144% in 2020, 133% in 2022, 111% in 2030, notes Luke Baker, Reuters bureau chief in Brussels.
In a series of quick notes on his Twitter account, Mr. Baker said: "The document states clearly that the current package of extra debt reduction measures not enough to hit 120 pct in 2020 target. Those figures don't include any extra debt reduction. Debt buyback now a 50 cents on the euro offer, which would cut debt very little... ECB returning profits on its Greek debt portfolio would result in debt reduction of 4.6 pct of GDP in 2020, the document says."
In a series of quick notes on his Twitter account, Mr. Baker said: "The document states clearly that the current package of extra debt reduction measures not enough to hit 120 pct in 2020 target. Those figures don't include any extra debt reduction. Debt buyback now a 50 cents on the euro offer, which would cut debt very little... ECB returning profits on its Greek debt portfolio would result in debt reduction of 4.6 pct of GDP in 2020, the document says."
