Greek Debt Writedown May Be as High as 60%, Financial Times Says
Private creditors holding Greek government bonds are set to accept a writedown of 55 percent to 60 percent of their holding, the Financial Times reported, citing people involved in the talks it didn’t identify.
The so-called Private Sector Involvement which aims to lower Greece’s debt would be more than a 50 percent writedown agreed as part of a debt swap agreed in October, the newspaper said.
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