Belgium pays 222 million interest back to Greece – Economic policy



In the midst of the sovereign debt crisis, the European Central Bank repurchased the Greek sovereign debt in 2010, allowing the Eurosystem (ECB and national central banks) to make a profit.

On 22 June, the euro area member states agreed to surrender these profits to Greece as part of the end of Greece's third refinancing plan. Among other measures, these amounts are intended to make Greece's debt (178% of its GDP) more sustainable.

Payments will take place in December and June of this year until 2022. The money will be used to reduce the financing needs of Greece or to finance investments approved by creditors.

The amounts per country have not yet been announced, but L & # 39; Echo has obtained the details of the Ministry of Finance. The total Belgian envelope amounts to 221.8 million euros.


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