Finance Minister: Greek state raised two billion euros in liquidity

TornosNews.gr 20.01.2021 | 04:00
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Finance Minister: Greek state raised two billion euros in liquidityA 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

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 issuance of bonds with the country's four systemic banks, naftemporiki.gr reports.

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 the capital for the previously thrice-recapitalized banks.

In a statement, Finance Minister Christos Staikouras highlighted 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.

RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Tilemahos Efthymiadis

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