Sovereign debt – Greece pays surprisingly low interest rates – Süddeutsche.de

Sovereign debt – Greece pays surprisingly low interest rates – Süddeutsche.de

• According to a media report pays Greece, despite its high debt load low interest rates. The rate stands at 2.4 percent.
• Germany pays to its outstanding bonds compared to an average of 2.7 percent interest.
• The interest charge is campaigning an important issue. The leader of the left alliance SYRIZA Alexis Tsipras calls for a second haircut because the load was allegedly unbearably high.

Greece pays low interest rates

Greece pays according to a media report, despite its immense debt only very moderate rates. This was reported by 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 debt mountain is large (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 according to the report, because the country has mostly 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.

elections in late January at

According to the decision for early elections in Greece is a debate on the exit of the heavily indebted country from the euro-zone flared. The conservative Prime Minister Antonis Samaras had finally failed earlier this week in an attempt to bring his presidential candidates by Parliament.

In order to stand on 25 January elections into 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.