Greek debt is trading at 20-30 cents on the euro depending on its maturity, but is likely to strengthen if the buy-back plan is confirmed, meaning any offer will have diminishing marginal returns. Under a proposal discussed by ministers, Greece would offer private-sector bondholders around 30 cents for every euro of Greek debt they hold, allowing Athens to pay down some of its vast outstanding obligations, a senior official involved in the discussions told Reuters. That caution reflects the complex options being discussed, ongoing political differences and the sheer scale of reducing Greece’s debt mountain.
“We must still reach an understanding on several details and I would expect that the chances are good that we will come to a final and joint solution this evening,” he told reporters. Going into the second ministerial meeting in successive weeks, Jean-Claude Juncker, the chairman of the group, was cautiously optimistic that a deal would be struck. Since the start of the Greek debt debacle, Athens and its European allies have battled to make the numbers add up and after three years of striving and two bailouts, it is still unclear whether they will get there.
Send us feedback.Greece's Prime Minister Antonis Samaras delivers his speech during a business presentation organised by the youths of his conservative New Democracy party in Athens November 20, 2012. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'virtue.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. 21 by virtue of that narrow home loss to Alabama. 2022 King Charles, 73, purely by virtue of his health, is likely to revive a more active monarchy, with a smaller number of royals who are expected to provide value to the taxpayers who fund them, officials say. 2022 The Senate is 50-50, but Democrats control it by virtue of Vice President Kamala Harris' authority to break ties.Īmy Nakamura, USA TODAY, 14 Sep. News rankings – which remain the most well-known by virtue of being around the longest – are based in part on criteria such as selectivity and reputation, which may not suit the needs of most students, Kelchen said. 2022 Some people are more predisposed to feeling thankful than others, by virtue of factors like genetics and personality. 2022 The Minnesota Twins, meanwhile, have officially been eliminated from postseason contention by virtue of their 4-2 loss to the LA Angels. 2022 The race is one of a handful nationwide that political analysts say likely will decide whether Republicans can win back the 50-50 Senate, which Democrats control by virtue of Vice President Kamala Harris' tie-breaking vote. Recent Examples on the Web Vance also has support in his hometown - although not necessarily by virtue of being from there.įreddy Brewster, Los Angeles Times, 29 Sep. The virtue of wool as a clothing material is that it can provide insulation from the cold even when wet David Byrne, The New Sins/Los Nuevos Pecados, 2001 Some rise by sin, and some by virtue fall … - William Shakespeare, Measure for Measure, 1605 Handed down from generation to generation, like a caustic strand of DNA, it infects the unhappy, the unfortunate and the unlucky, and turns them into desperate strivers, prepared to do anything to realize their ridiculous ambitions. He may well have devoted a great amount of ink to virtue and order, but he checked those concepts at the door of the beau monde he made it clear that he was not too good for that world … - Stacy Schiff, A Great Improvisation, 2005 Nerviness is considered a virtue, a good machine, an energy that builds nations, businesses and dynasties. Wood, Revolutionary Characters, 2006 It was not only his title that made Poor Richard-and by extension Franklin-an honorary Frenchman.
Frederick Kaufman, Harper's, February 2008 Disinterestedness was the most common term the founders used as a synonym for the classical conception of virtue or self-sacrifice it better conveyed the threats from interests that virtue seemed increasingly to face in the rapidly commercializing eighteenth century. He led me across the concrete floor, through a concrete warehouse, and to the concrete screening room, where he began to extol the virtue and beauty of his eleven-mile-long sewage interceptor.
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