Greece extended a deadline for its debt buyback

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Source: RTT News
© Scanpix/FP
Greece announced extending a deadline to 11 of December in order to attract more proposals from bondholders, as the Public Debt Agency revealed on Monday. The country has a plan to reduce its debt by buying bonds back with a par value of 30 billion Euros to upgrade its debt profile. Greece will spend 10 billion Euros for bonds buyback and they will be paid off in six-month debt securities from the European Financial Stability Facility.
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Mon, 10 Dec 2012 15:53:49 GMT

Greece extends buyback deadline on December 11

The Greece's debt buyback was extended by one day from the earlier last Friday deadline to the new deadline set on December 11, in order to meet the buyback target of 30 billion euro as a precondition of the country's creditors to approve the next financial package for the debt-burdened economy. Media in Greece reported the country received 27 billion

Mon, 10 Dec 2012 16:10:05 GMT

Turkey's economic growth eases in Q3

Turkey's economic growth was 1.6% in the third quarter, which was worse than a 2.6% growth expected by economists, according to Turkish Statistical Institute's report on Monday. Turkey's economic expansion eases, as the growth rate decreased from 3% in the second quarter. Also, other report showed, that industrial output dropped by 5.7% on annual basis.

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