IMF's Lagarde welcomes results of Greek bond buyback
December 12, 2012 8:28 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.
The results failed to meet their target by a relatively narrow margin and left lenders with a 450-million-euro hole in their plan to cut the country's huge debts.
"I will reserve my comment to the European partners and to other members of the Troika but for the moment I can only welcome the results that have been produced by the debt buyback," Lagarde said on a trip to Colombia.
Bids totalled 31.8 billion euros, a senior euro zone official said after the deadline.
Euro zone finance ministers are set to talk about the scheme in a conference call later on Tuesday, officials said.
(Reporting by Jack Kimball; Editing by James Dalgleish)
Most Popular Slideshows
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
- Chilling: New ISIS Video Addresses Australia; Aussie Teen Delivers Message
- The Pirate Bay Blockade: Cost Of Blocking Websites Like TPB Is Ridiculously High
- Xiaomi Mi4 And MiPad Prices Likely Slashed, Thanks To Rivals Oppo, OnePlus And Meizu
- Top 4 Free-To-Download Apps for Fuller iPhone 6, 6 Plus Experience
- Battery Saving Android 5.0 Lollipop Feature Extends The Battery Life Of Your Android Device By 90 Minutes And Displays Orange Bar While Power Saving Mode Is On
- Virginia Woman Who Posted Naked Image Of Ex-BF’s New Partner 1st Person Charged Under Revenge Porn Law
- Australia's 'No Way' Anti-Asylum Seeker Poster Sparks Outrage