Bloomberg News

Some EU Members Seeking Aggressive Greek Writedown, Reuters Says

October 20, 2011

Oct. 20 (Bloomberg) -- The Greek debt writedowns pushed by some European governments may be too large to be accepted voluntarily by investors and may instead have to be forced on them, Reuters said, citing unidentified European Union officials.

Banks will not voluntarily accept a 50 percent haircut, Reuters said, citing one of the officials.

To contact the reporter on this story: John Fraher in London at jfraher@bloomberg.net

To contact the editor responsible for this story: Simon Kennedy at skennedy4@bloomberg.net


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