Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- Mission-critical Apps in the Cloud
- Mobile Device Management
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
Greece eyes bond rollovers to cover financing gap
Monday - 10/14/2013, 8:28am EDT
ATHENS, Greece (AP) - Greece's finance minister says the debt-hobbled country can cover a shortfall in its short-term financing needs by rolling over bonds held by European central banks and domestic lenders.
Yannis Stournaras says the 11 billion-euro ($15 billion) gap for 2014-15 "is not very difficult to plug after all."
Greece has depended on international bailouts since 2010. But when most of the rescue funds end next year, it will face shortfalls.
In an interview published Monday, Stournaras said the rollovers would affect 4.5 billion euros worth of bonds issued in exchange for bank shares under a liquidity program five years ago.
Stournaras told Greece's Naftemporiki financial newspaper that the problem can be fully solved if Europe's central banks honor pledges to roll over Greek worth bonds 19 billion euros.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)