IMF Proposes Tough Task for ESM as Greece Seeks Sustainable Debt

  • Fund suggests ESM issue long-dated bonds to lock in low rates
  • Move will ‘buy further time for Greece’: Smith & Williamson

As European finance ministers meet in Brussels to decide on the next bailout payment to Greece, the International Monetary Fund has come up with a solution to reduce financing costs that may leave the bond market with indigestion.

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