The Eurogroup reaffirmed in June its commitment to the principles contained in the May 2016 statement and specific mention was made of measures that could be taken, if necessary, regarding public debt reprofiling. The Bank of Greece has put forward a specific proposal for extending the weighted average maturity of interest payments on EFSF loans by at least 8.5 years.
When people lose their homes, the impact is felt not only by the homeowners, but by the broader community: the bonds of community are weakened, business investment is undermined, homelessness increases, children are uprooted, unemployment deepens, and even health problems multiply.