Greek Debt Buy-back Will Not Apply To Greece's Pension Funds: PMSubmitted by emalvini on Sat, 12/01/2012 - 17:52
Greek Debt Buy-back Will Not Apply To Greece's Pension Funds: PM
December 01, 2012
ATHENS – Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview.
"The debt buy-back does not concern the pension funds," Samaras was quoted as saying in an interview with Sunday's Proto Thema newspaper.
Greek pension funds hold more than 8 billion euros out of a total 63 billion euros of Greek bonds held by private investors.