ATHENS (Reuters) – Relief measures agreed with Greeces official creditors to help render its debt load sustainable will help smooth the countrys return to market financing, the Bank of Greece said in a monetary policy report on Monday.
But it warned that in the longer term, debt sustainability will hinge on maintaining fiscal and reform efforts and further debt relief by its euro zone creditors.
Last week euro zone finance ministers extended maturities and deferred interest payments on 96 billion euros worth of Greek debt, about one third of the countrys overall debt pile.
Greece has the highest debt-to-GDP ratio in the euro …
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