(....

),
s ,
,

.

.
,
.

,

,

,
.
,
, ,





,

, ,
.
,
,
,
.
:
-

3 2010

1


, : ()
, ()

() .

,
...
-

80.000.000.000
8 2010

,

.

9 2010


26,432,9 .

2012-2015

,


, ,

.
, 299 2009, 129.3%
, 329 2010, 144,9% , 2011,
, ,
368 169% .
,

.


.

, , .
,

2

2012, ,
.
,

.
,
.
,
, ,

.
.
.
, 11 25 2011,
, ad hoc ,
21 26 2011,

,
,

,
.

,
,

26 2011 21
2011
7
2011 (....)
European Financial Stability Facility (EFSF),
.
T
:
-

Financial Assistance
Facility Agreement,

(
,
),
3

,


- .

21
26 2011,

.

,
,
,
.

.

: () , ()

() .

3
2010,
( ) 6 2011,
, .


,
.


2010,
,
.
..,

.., 2009.
.., ,
.. ():
4

126 . 9 ,

, ,
.

136 1 ) ,

,
.

2010/320 10 2010
,
. 3845/2010.
,

( ),
(
).
, 2010/320
:

2010/486 .. 7 2010.
2011/57 .. 20 2010.
2011/257 .. 7 2011.

12 2011 2010/320,
,
2011/734 ..,
2011/791
8 2011.
, ..,

,


.
,
,
, 130
. ,
.., 126 . 9 136
. 1 ) ,
5

 .

.., ,
.
, ,
126.9 136.1
.

,
,
,
.
,


.. (),


, .
.
1
1 1

(
())
30.000.000.000,
, ,
,

,
26 2011.

,
, , 30

,
(1)
(30)
6

(70) .


[15% ] .
[35%]
,

50% .
(1)
.
1 1

(CoFinancing Agreement)
, , ....,
Wilmington Trust (London) Limited,
,

(/PSI) , ,
,
, .


.
1 1
(
) 35.000.000.000,
, ,
,
()
,

() .
M ,

.
35
.
1 1

5.700.000.000 .... (
7

 )

PSI.

.
2 1
(Memorandum Of
Understanding), :


(Memorandum of Economic and Financial Policies),

(Memorandum of Understanding on Specific
Economic Policy conditionality)

(Technical Memorandum of
Understanding),
.
2 1
(Letters of Intent)

:
. .. :
-

. .
..

.
3 1

,
2.,
,
2.
,

 .


.. .



,

.



.
4 1 ,

,

,
.

(Bank Recapitalisation Facility) ,
,
, .
5 1
1 4
,

1 4,
,
,
, .
6
28 29

4
4.1:

,

9



.

.
2:

,
.
/ (Private Sector Involvement PSI)
() ,

,
(/EFSF).
/
Clearstream . To
(link) ()
Clearstream .
,

/ ,
.
, ,
,
Clearstream.
Clearstream,
.
,
:
. ,
, .


,
.
,
Clearstream.
11 . 2198/1994.
10 . 2198/1994, ,
, , , ,
10

 ,
, , ,
.
1 2 ,
,
,
14 . ,

, , ,

(Bond Trustee),
.
11 . 2198/1994
.
, ,
,
,

.
2 2 )
/
(
2 13 . ()
() 14 . 3606/2007 ,
),


/ , )
, ,
, ,
. ,
, ( / link)
/ .
, ,
(
/ ) ,
/
.
, Investor SSS,
/
Issuer SSS. ,
,
/ , ,

11

 /
/ .
11
. 2198/1994 1 ,
2 12
3 ( 13),

.
3 2,
.2198/1994, ,
,
.
,


.. 1059/1971
,
, .
, ,

.
. ,
, ,
.
4 2


,
-.
,
,
,
,

,
.
26/27
2011,
,
,

.
12

 5-8 2
. 2362/1995 ( 8, 21, 43,64,65
...),
,
,



, .
3:
1 3
, ,
,
,
11 12
.
2 3

/)
,


.
3 4 3

, ,


.
5 3
, ,


( discount)
.

.
6 3

2011
13

, ,

(5)
,
.

26 2011
.
,
,
, ,
,
.

,
,
1 6
.2198/1994, ,
,
,
.

,
, , ,
,
(


).
,
. ,
,
,
,
,
,
, , , ,

.

14

 , 7 8 3
, 2
45 . 3863/2010, 11
15 . 2469/1997, 9,


.
4:
1 4



.. ().


,
.

.

2 4,

,
.

(, ,
, , , ,
, .. ..,
.. ,
, , , ,
, ).
3 4 4,

( , ,
) (
, , , ,
, ,
).

.
15

2012

16

17

18