Greek Pension Funds Lost More Than 10 Billion Euros in Debt Swap
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Greece’s state-controlled pension funds saw the nominal value of their government bond holdings drop 10.7 billion euros ($13.4 billion) after the country’s debt swap earlier this year, Finance Minister Yannis Stournaras said.
It fell to 13 billion euros from 23.7 billion euros, Stournaras, citing Bank of Greece data, said in a written response to a lawmaker’s question distributed to reporters yesterday.