Greece may get 11-year period to repay bailout: IMF

Dreaded_Estate

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Greece may get 11-year period to repay bailout: IMF | Reuters

(Reuters) - The EU and the IMF could extend the period in which Greece must repay its bailout loans by five years, to make it easier for it to service its debt, a Greek newspaper said on Saturday, citing an IMF official.

"We have the possibility to extend the repayment period ... from about six years to around 11," the newspaper Realnews quoted Poul Thomsen, the IMF official in charge of the Greek bailout, as saying in an interview.

I think the IMF is getting a little smarter. Not much point having a huge amount all repayable and needed to be rolled over shortly after a country returns to the markets for the first time.

It will also be interesting to see how much Greece has to pay for the longer duration loans.
 


He3

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If they extend the term, do they increase the rate?
 


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