Italy’s Grilli Gets Mandate to Negotiate Greek Writedown Plan

Italy’s Vittorio Grilli was given the mission by euro-area finance ministers to negotiate deeper writedowns with investors on Greek debt in a second aid package, Austrian Finance Minister Maria Fekter said. Fekter spoke to reporters today in Brussels before a meeting of European Union finance chiefs. She declined to give details of the mandate for Grilli, who is head of the EU’s Economic and Finance Committee and director general of the Italian Treasury.