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Greece, Banks Confer on Reorganizing Private Debt, Imerisia Says

Feb. 29 (Bloomberg) -- Greece’s finance ministry is consulting the country’s banks about introducing legislation for reorganizing private household debt, Imerisia reported, without saying how it got the information.

A draft bill envisages restructuring between 22.5 billion euros ($30 billion) and 34 billion euros of private debt for people whose income fell significantly in 2011, the Athens-based newspaper said.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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