03 January 2015
The leader of the left alliance SYRIZA Alexis Tsipras.Foto: AP
In the Greek election campaign, the interest burden of the large debt mountain is a controversial political issue, the opposition Syriza calls to restructure its debts. However, according to a media report Greece pays surprisingly low interest rates – even less than Germany
Greece pays according to a media report, despite its immense debt only very moderate rates.. The reported the “Frankfurter Allgemeine Zeitung” (Saturday edition), according to a preliminary report, citing circles of international donors. Accordingly, Greece pay its entire national debt on average only one interest rate of 2.4 percent. This is lower than in Germany, the federal government, whose outstanding bonds identify an average of 2.7 percent interest.
During the campaign, the interest burden of the large debt mountain is (more than 175 percent of economic output) a violent controversial political issue. The leader of the left alliance SYRIZA Alexis Tsipras calls for a second haircut because the load was allegedly unbearably high.
In fact, the interest burden is the report says low, because the country is predominantly aid loans to political received preferential rates. There are now more than three quarters of Greek debt to official creditors and thus above all at the taxpayers of Europe.
After the decision for early elections in Greece is a debate about an exit of the heavily indebted country erupted from the euro-zone. The conservative Prime Minister Antonis Samaras had finally failed earlier this week in an attempt to bring his presidential candidates by Parliament. This is possible on January 25 elections in the house. The strongest force the Syriza could be doing surveys show that wants to change the agreements with the international lenders and loosen the austerity plan. Greece is held since 2010 with two bailouts totaling 240 billion euros from the EU and the International Monetary Fund (IMF) on water. (Rtr)
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