IMF chief welcomes results of Greek bond buyback
December 12, 2012 8:14 AM EST
Christine Lagarde, the head of the International Monetary Fund, on Tuesday welcomed the results of Greece's bond buyback scheme, but said she would leave further comment to European economic authorities.
In the buyback, bids totalled 31.8 billion euros, a senior euro zone official said after the deadline, but the average price paid for the bonds was slightly above expectations, meaning the total debt reduction will be less than planned.
(Reporting by Jack Kimball)
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- Russia's New Tactical Nuclear Weapons Program Growing Confident Against the US: Talks of World War III
- US To Supply Defensive Lethal Weapons To Kiev – A Vey Alarming Signal, Says Russia
- Travel Alert: New Delta Air Lines Airbuses Could Be Seen In Australia Soon
- Product Recall: Graco Recalls Baby Strollers in Canada, U.S. Due To Amputation Risks
- New Zealand Assured China-Australia Deal Will Not Affect Demand
- New Zealand Medicine Products Sector To Get Own Regulator::Drops Plan For A Joint Regulator With Australia
- Canada's Ontario Students Score High Rank In Global Survey Of Computer Skills