Forex Flash: Eurogroup meeting discussed options for Greek debt sustainability – TD Securities

FXstreet.com (Barcelona) - The Eurogroup meeting to putGreeceon a medium-term sustainable debt path failed to reach an agreement, but it is being reported a number of options on the table: (1) bond buy backs, (2) significant cuts to interest rates on loans (from 1.5% to as low as 0.25%), (3) deferring interest payments on EFSF loans by 10 years, (4) ECB returning profits on Greek debt to Greece (5) adjusting interest rates/maturities of IMF loans. "But crucially, the document also noted that official hair cuts may also be needed if Greece is bring its debt to GDP ratio down to 120% by 2020", wrote the TD Securities team of analysts, adding that reports suggest that the IMF has agreed to extend the deadline to 2022. Decisions should be ade on Monday, November 26.