Bloomberg News

France’s Greek Rollover Plan Conditioned on No Default Rating

June 28, 2011

June 28 (Bloomberg) -- A proposal by French banks to roll over their Greek debt depends upon credit-rating firms not cutting their grade on Greece and existing or newly issued government securities to default, according to a draft of the plan.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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