Bloomberg News

SocGen Says Greek Government Debt Swap Deal Is ‘A Good Thing’

February 21, 2012

Feb. 21 (Bloomberg) -- Societe Generale SA said the agreement reached by Greece and its private creditors to swap the country’s government debt as part of a second rescue package is “a good thing.”

“As far as Societe Generale is concerned the plan is in line with the discount of 75 percent we took in the 2011 results,” the bank said in e-mailed remarks sent by Paris-based spokeswoman Helene Mazier.

To contact the editor responsible for this story: Fabio Benedetti-Valentini at fabiobv@bloomberg.net


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