Athens News Agency: News in English, 10-09-06

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Greek debt at $297.2bln

[01] Greek debt at $297.2bln

In a quarterly report, BIS said the country�s debt to foreign banks included both the debt by the public and private sectors.

Ireland (843.8 billion US dollars), Portugal (322.4 billion) and Spain (1.102 trillion) reported (ANA-MPA)higher foreign debts.

The Greek public sector�s debt totaled 92.5 billion US dollars, while the public debt in Ireland was 29.7 billion, in Portugal 62.9 billion and in Spain 127.6 billion dollars.

Greek bank�s debt to foreign banks totaled 26.1 billion US dollars, lower compared with debts by the three other countries, while private enterprises� debt to foreign banks totaling 83.2 billion dollars, also significantly smaller compared with the other three countries.

A sum of 95.2 billion US dollars, including in the Greek foreign debt, accounted for the market value of derivatives, credit obligations and guarantees. (ANA-MPA)

French banks are the biggest holders of Greek debt (111.6 billion US dollars), followed by German banks (51 billion) and US banks (41.2 billion).

In its report, BIS said European banks held a significantly larger percentage of Eurozone bonds with higher yield - Greek, Italian, Irish, Spanish and Portuguese - compared with the banks in the United States, Japan and the UK, which focus more on state bonds from Germany and France. (ANA-MPA)

ANA-MPA / EPA file photo.

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