Moderate debt service: Greece will pay less interest than the federal government – FAZ – Frankfurter Allgemeine Zeitung

Moderate debt service: Greece will pay less interest than the federal government – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Berlin meets Athens: Chancellor Merkel visits Greece Prime Minister Samaras in April 2014
     

 
                                           
 
 
     
     
     
         
         
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Greece pays despite its immense debt only very moderate interest, such as the Frankfurter Allgemeine Zeitung has learned from Troika circles and reported in its Saturday edition. This is evident from a note in the latest report from the Troika donors. The Troika consists of the European Union (EU), the European Central Bank (ECB) and the International Monetary Fund (IMF).

                         
         
         
                                                             
                                 

According to Greece pays its entire 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.

                         
         
         
                                                                                                                                                                                                  

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Read more in the F.A.Z. from 03/01/2015. On the eve already in the FAZ app and e-paper.
         
         
                                                             

During the campaign, the interest burden of the great mountain of debts (more than 175 percent of economic output) is a highly 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 low because the country has mos tly received emergency loans to political preferential rates. There are now more than three quarters of Greek debt to official creditors and thus above all at the taxpayers of Europe.

                                                                             
 
  

 
 
 
                       

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Light debt service

Greece pays less interest than the federal government

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In the Greek election campaign, the interest burden of the enormous debt mountain is a political issue. It pays Athens on average less interest than Berlin. This is the most recent report of the Troika donors.

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