Germany’s finance ministry on Friday welcomed Greece’s debt swap with private creditors calling it a “big step” towards stabilizing the country.
A spokesman also said Greece had been handed a “historic chance” after 83.5 percent of its private creditors tendered bonds for exchange, amounting to approximately 172 billion euros of debt.
With the move “a big step on the path to stabilization and consolidation towards a debt sustainability in Greece has been made and Greece has been given an historic chance”, a spokesman said.
(source: AFP)
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