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2 Feb 2015
Greek FinMin aims for GDP-linked repayment
FXStreet (Bali) - Greek Finance Minister Yanis Varoufakis, is reportedly endorsing the idea of linking Greece's debt repayment to the European Union based on the growth rate of the country.
The pressure is mounting for Greece to reach a deal with European authorities, following reports of PM Tsipra's commitment to repay both the ECB and IMF. Greece is now seeking more flexibility on its debt repayments to the EU, with an end of February deadline forcing both parties to reach an agreement relatively soon. Varoufakis was quoted as saying that debt repayment must be tied to the ability of Greece to restore its growth prospects.
The pressure is mounting for Greece to reach a deal with European authorities, following reports of PM Tsipra's commitment to repay both the ECB and IMF. Greece is now seeking more flexibility on its debt repayments to the EU, with an end of February deadline forcing both parties to reach an agreement relatively soon. Varoufakis was quoted as saying that debt repayment must be tied to the ability of Greece to restore its growth prospects.