Bloomberg News

Juncker Didn’t Mean Greek Haircut May Exceed 60%, Spokesman Says

October 11, 2011

Oct. 11 (Bloomberg) -- Luxembourg Prime Minister Jean- Claude Juncker didn’t mean to signal in an Austrian television interview that haircuts on Greece could exceed 60 percent, a spokesman said.

Juncker instead meant that haircuts could exceed the 21 percent already agreed in July, said Guy Schuller, a spokesman for the Luxembourg government, by telephone today.

Asked yesterday to comment on speculation that losses to investors will exceed 21 percent and may instead be between 50 percent and 60 percent, Juncker told Austrian television “we’re talking about even more.” He didn’t comment further in the interview.

To contact the reporter on this story: Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net

To contact the editor responsible for this story: John Fraher at jfraher@bloomberg.net


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