Troika Wants New Debt Restructuring for Greece: Spiegel

The European Commission, the European Central Bank and the International Monetary Fund proposed a restructuring of Greek debt that would require public-sector lenders to take heavy losses, Spiegel reported.

Representatives from the so-called troika presented their plan at a meeting of high-level officials from euro-area finance ministries on Oct. 25, according to an article in this week’s Spiegel magazine, which didn’t say where it got the information.