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Didn't Greece get a write-off once already? Why hasn't he mentioned that? http://www.bloomberg.com/news/articles/2011-10-27/papandreou-says-new-funding-gives-gr
by Keyframe 11y ago
Didn't Greece get a write-off once already? Why hasn't he mentioned that? http://www.bloomberg.com/news/articles/2011-10-27/papandreou-says-new-funding-gives-greece-time-new-prospects http://www.bloomberg.com/news/articles/2011-10-27/papandreou...
What would make it different this time around?
- leereeves 11y agoAccording to eurostat, Greek consolidated gross debt was 356bn € in 2011, 305bn € in 2012. (This seems to be sometime in the middle of each year.) There was a write-off, but it wasn't enough.
- giggzy 11y agoThere has been no write off of debt. The bailout was; Greece was lent money it could not have gotten on the open market. Mostly to pay off debts from bank the Eurozone feels too big too fail ( my speculation ).