Greek Debt Writedown May Be as High as 60%, Financial Times Says

Private creditors holding Greek government bonds are set to accept a writedown of 55 percent to 60 percent of their holding, the Financial Times reported, citing people involved in the talks it didn’t identify.

The so-called Private Sector Involvement which aims to lower Greece’s debt would be more than a 50 percent writedown agreed as part of a debt swap agreed in October, the newspaper said.

To contact the reporter on this story: Francois de Beaupuy in Paris at

To contact the editor responsible for this story: Benedikt Kammel at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.