Bloomberg News

BdB Says Enough Banks Have Likely Agreed to 50% Greek Haircut

November 02, 2011

Nov. 2 (Bloomberg) -- Michael Kemmer, head of the BdB Association of German Banks, said that according to his knowledge enough European banks have agreed to a 50 percent haircut on their Greek sovereign debt holdings that the target of 90 percent participation will likely be reached. Kemmer spoke at a press conference in Berlin today.

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