Jan. 31 (Bloomberg) -- Greek Finance Minister Evangelos Venizelos said the country’s private sector creditors could take a loss of more than 70 percent of the net present value of their bonds.
“We’re talking about a greater PSI than originally foreseen in July,” Venizelos said in Parliament in Athens today. “We’re talking about a 50 percent cut on the nominal value, and a loss on the net present value of more than 70 percent.”
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