Bloomberg News

Juncker Says Discussions Under Way With IIF on Greek Haircut

October 13, 2011

Oct. 13 (Bloomberg) -- Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said talks are under way with the Institute of International Finance on the cost to investors of a second bailout package for Greece.

Asked if bondholders might face a loss of more than 21 percent, Juncker said: “One can’t say that at the moment. We’re in the process of having discussions at all levels, also with the IIF. One has to wait until the European Council and a special meeting of the euro group before we can comment on that.”

Juncker said in an interview in Luxembourg today that the date of the euro-area finance ministers’ meeting isn’t set. European Union leaders are scheduled to meet on Oct. 23.

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

To contact the editor responsible for this story: Patrick Henry at phenry8@bloomberg.net


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