Greek voters head to the polls Jan. 25 for a snap election.
The debt burden of Greece is equivalent to 177% of the country’s gross domestic product, according to a media report.
Syriza said that it wants at least a third of Greece’s total debt to be written off.
The ECB and national central banks are owed €54bn, the report further said.
The ECB is unable to offer any relief, since it could constitute illegal monetary financing of national governments.
In any case, these loans are essentially interest free since the eurozone agreed to handover the profits from central bank holdings of Greek debt to Athens.
The debt burden of Greece is equivalent to 177% of the country’s gross domestic product, according to a media report.
Syriza said that it wants at least a third of Greece’s total debt to be written off.
The ECB and national central banks are owed €54bn, the report further said.
The ECB is unable to offer any relief, since it could constitute illegal monetary financing of national governments.
In any case, these loans are essentially interest free since the eurozone agreed to handover the profits from central bank holdings of Greek debt to Athens.
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