Bloomberg News

Faymann Says Aim Is Highest Possible Private Participation

October 25, 2011

Oct. 25 (Bloomberg) -- Austrian Chancellor Werner Faymann said that the European Union’s aim is to get the highest possible participations of private investors on Greece.

As this is to be a voluntary participation, the percentage of a haircut is yet to be decided, Faymann told reporters in Vienna following the government’s weekly meeting.

“Our number one aim is for this to be voluntary,” he said, adding that he’d always spoken of a haircut of 40 percent to 50 percent.

To contact the reporter on this story: Zoe Schneeweiss in Vienna at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Jonathan Tirone at jtirone@bloomberg.net


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