Oct. 31 (Bloomberg) -- Charles Dallara, managing director of the Institute of International Finance, said that the agreement with the European Union on reducing Greece’s debt load would affect about 206 billion euros of debt.

“We agreed to take a pool of debt around 206 billion euros. We are aiming to take as much as half of that and wipe it out,” Dallara said at a news conference in Washington today.

To contact the reporter on this story: Sandrine Rastello in Washington at srastello@bloomberg.net

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net