CITATION — REFERENCE ENTRY
greek-psi-53-5-percent · esm-2012-greek-private-sector-involvement
- Claim ID
- greek-psi-53-5-percent
- Assertion
- The March 2012 restructuring of Greek bonds held by private investors, mainly banks, had about 97 percent participation, a 53.5 percent cut in face value, and reduced Greece's debt stock by approximately €107 billion, according to the European Stability Mechanism.
- Quote
it was a restructuring of Greek debt held by private investors (mainly banks) in March 2012 to lighten Greece's overall debt burden.
- Quote language
- en
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