The number of private investors, who have signed to the program of writing off Greece’s debts, has exceeded 75%.
This is enough for Greece to escape a financial default which might have caused a damage estimated in € 1 trillion to the eurozone countries.
At present, Greece’s state debt exceeds € 350 bln, and Greece has no enough money to pay it back.
In late February, international creditors – the European Central Bank, the European Commission and the IMF – agreed to allocate € bln to Greece.
Besides, an agreement was reached to exchange a € 200 bln-worth of Greek bonds, possessed by private investors, for twice less valuable ones.
In response, Greece promised considerable cuts of its budget.