Germany’s Schaeuble Says 53.5% ‘Haircut’ Proposed for Greek Bond Investors

German Finance Minister Wolfgang Schaeuble said euro region ministers at a meeting in Brussels have proposed a “haircut” of 53.5 percent for private investors holding Greek government bonds.

Interest rates on the new bonds will start at around 2 percent and rise to as high as 4.3 percent after 2020, Schaeuble told reporters in Brussels.

To contact the editor responsible for this story: Rainer Buergin at rbuergin1@bloomberg.net

Bloomberg reserves the right to edit or 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.