The debt of Greece is not viable and the country’s debt repayments to the European Central Bank should be pushed back, the Greek finance minister said on Thursday.
“Over July-August the finance ministry will have to borrow 6.7 billion euros from our partners in one way or the other to repay bonds from the SMP program,” Yanis Varoufakis told a conference in Athens, referring to bonds bought by the ECB under the Securities Market Programme over 2010-2011.
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