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Greece, Banks Confer on Reorganizing Private Debt, Imerisia Says

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.

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