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Tuesday, 25 October 2016

President Obama to Visit Greece; Greek Debt

From Pappas Post - "It’s Official: U.S. President Obama to Visit Greece; Wants to Show Appreciation to Greek People for Generosity Towards Refugees"

Obama visit to Athens to focus on debt, refugees and Turkey -eKathimerini

Greece Has No Debt Problem for a Decade, Says ESM Head, Wall Street Journal - “In the short-term, there’s no problem,” Klaus Regling, managing director of the European Stability Mechanism, told reporters on Wednesday evening. While Greece’s national debt has risen to around 180% of its gross domestic product since the financial crisis, that is “not relevant if you’re paying 1% interest,” he said. Athens is currently paying less for its debt, relatively speaking, than the governments of France or Belgium, Mr. Regling said, thanks to his fund’s cheap loans".

White House Plays Down U.S. President Obama’s Visit to Greece, Greek Reporter

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