Galery

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- Through a public record in any bank or brokerage company from Monday to Wednesday, 21 December 2011, with a maximum nominal amount of 15,000 euros for each individual. The selling price will be the last offer price accepted at the tender (the cut-off price). The total amount of the policies that will be sold by this procedure will be announced after the closing of the public record.

- Within 5 working days after the date of the agreement, i.e. until Monday, 2 January 2012, for unlimited amounts, but at prices set by the banks and intermediary companies.

Finance Minister Evangelos Venizelos is an optimist

Evangelos Venizelos expressed his optimism concerning the course of the procedure for the exchange of Greek bonds aimed at reducing public debt. "There are positive signals from the course of negotiations and discussions", he said, and stressed that the success of the programme will offer a "relief" for the Greek people as a reward for their sacrifices and the prospect of a new generation.

"The bond exchange programmeme will allow us to dramatically reduce interest rates and thereby achieve our goals for the primary surplus", said the Minister of Finance in response to a question from the Chairman of the parliamentary group of SYRIZA Alexis Tsipras. He explained, of course, that there is no other alternative for the country but the successful implementation of the programme and signing a new loan agreement. "After the signing the issue of renegotiation will never be raised again", he said.

In response to the persistent questions of Mr Tsipras on the likelihood of implementing new measures, Evangelos Venizelos quoted Prime Minister Lucas Papademos that a reduction of salaries and pensions or increased tax rates are not provided for.