Greece devalues bonds, and it comes to light, that most of Lithuanian investors have prepared for it and transfered their investments, states delfi.lt referring to „Verslo žinios“. However, it is estimated that at least 20 million litas worth investments from Lithuania will still devalue.
The goal of Greece, which is balancing on the verge of a bankruptcy, is to lower the stocks value to 53 percent and reduce 206 billion euros worth State’s obligations to private bond holders. That should contribute to the containment of debt crisis which is raging throughout the country.
„Few people, who have Greek bonds, have contacted our firm. It was pre-inquiries, what might be done and if there have been any precedents. We haven‘t prepared any lawsuits yet, “ – senior lawyer at „Raidla Lejins & Norcous” Akvilė Bosaitė commented on investors’ inquiries.
At the end of 2011, commercial banks and branches of foreign banks operating in Lithuania had invested 6.7 million litas in the Greek’s long term debt stocks. That makes up 0.008 percent of whole assets owned by banks, states Bank of Lithuania. A little more – 14.8 million litas – in Greece have invested credit unions.
Translated by Asta Kurulytė
