09/03/2012 - OECD Secretary-General Angel Gurría congratulates the Greek authorities for the successful outcome of the voluntary Greek debt exchange programme.
This achievement allows Greece to reduce its debt by over €100 billion, so that the country can benefit from the €130 billion financial support programme agreed with the European Union, the European Central Bank and the International Monetary Fund.
The success of the debt exchange programme removes a source of uncertainty and will allow Greece to focus on efforts to restore competitiveness, boost growth and ensure debt sustainability. Progress in reform implementation will help boost confidence and trigger a virtuous circle for growth.
The OECD stands ready to continue to support the Greek authorities in their ambitious economic agenda.
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