Greek Debt – May 2011

According to the Bank for International Settlements, the biggest potential losers from a possible haircut on Greek debt would still be the German non-quoted banks. As of Q4-2010, German and French banks have respectively 9,2% and 20% of their total peripheral Europe exposure tied to Greece.

Holders of Greek Government Bonds and debt, in billion EUR
Greek Banks 56
Other European Banks 50
ECB (direct holdings, nominal value) 50
Central Bank of Greece 10
Greek Social securities/other government 30
Other Investors 120
Total Government Bonds 260
+ EU/IMF loans already disbursed 53
Total debt 310


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