Schaeuble Expects Banks’ Approval for Greek Debt Cut, BR Reports

Germany’s Finance Minister Wolfgang Schaeuble predicts a sufficient majority of banks will accept a reduction in the value of Greek government bonds, Bayerischer Rundfunk reported, citing an interview.

Schaeuble also said he was optimistic that the threshold for approval of the agreement by two thirds of all creditors will be met by the March 8 deadline, the TV station cited the finance minister as saying.

To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.

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