Thursday, April 26, 2012
The final participation rate in the Private Sector Involvement (PSI) bond exchange programme reached 96.9%, Finance Minister Philippos Sachinidis announced yesterday. This was the third and final settlement in the bond swap programme, which saw € 199 billion worth of bonds exchanged, out of € 205.5 billion in eligible papers.
"We are extremely pleased with the results achieved in our PSI bond exchange, and we extend our thanks to all of our creditors who have responded positively to our invitations," Sachinidis said.
- FinMin WSJ Interview
Meanwhile, in an interview with the Wall Street Journal, Finance Minister Philippos Sachinidis said, in connection with Greece’s economic programme, that as this is being assessed on a quarterly basis to take into account economic developments, and given the fact that the return to positive GDP growth rates is very important for its success, adjustments may be considered in the future.
Greek News Agenda: Sachinidis in Washinghton for IMF Spring Meeting
