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Rehn: Extending loan repayment period 'very significant' for Greece

Δημοσίευση 1 Δεκεμβρίου 2010, 10:41 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Rehn: Extending loan repayment period  'very significant' for Greece
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The European Commission will examine a plan to align borrowing terms for Greece and Ireland, EU Commissioner for Economic Affairs Olli Rehn said on Monday. Speaking to reporters here, the Finnish Commissioner underlined the significance of extending a loan repayment period for Greece.

The European Commission will examine a plan to align borrowing terms for Greece and Ireland, EU Commissioner for Economic Affairs Olli Rehn said on Monday. Speaking to reporters here, the Finnish Commissioner underlined the significance of extending a loan repayment period for Greece.

Commenting on the Commission’s autumn forecasts for the Greek economy, Rehn said that following a long period of imbalances, the measures and structural reforms adopted by the Greek government are leading the economy into a restructuring phase. He echoed the Commission's forecast of predicting that the Greek economy will return to growth rates in 2012 and begin cutting its public debt from 2014.

 

 

The European Commission will examine a plan to align borrowing terms for Greece and Ireland, EU Commissioner for Economic Affairs Olli Rehn said on Monday. Speaking to reporters here, the Finnish Commissioner underlined the significance of extending a loan repayment period for Greece.

Commenting on the Commission’s autumn forecasts for the Greek economy, Rehn said that following a long period of imbalances, the measures and structural reforms adopted by the Greek government are leading the economy into a restructuring phase. He echoed the Commission's forecast of predicting that the Greek economy will return to growth rates in 2012 and begin cutting its public debt from 2014.

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