Athens to borrow Eur10-14 bln to fund bond buyback scheme which ‘must succeed’

… in order for fresh funds to be released next month

Finance minister Stournaras fudged questions whether the success of the scheme was a condition for the release of 34.4 billion euros in loans next month. But he said that if the voluntary scheme fails to attract enough interest, there is a “Plan B” which he refused to elaborate on.

He refuted reports that the government would issue T-bills to raise the money for the scheme, saying that the funds would come from the European Financial Stability Facility.

More.… ekathimerini

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