Major Split Seen in Greek Bailout Terms - FT
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There is a major split over the terms of Greece's second EUR109 billion bailout, the FT.com reported Tuesday afternoon. According to the report, as many as seven of the 17 members are arguing for private investors to take a bigger haircut on Greek bonds.
The divide comes due to concerns that the county's woes are much bigger than estimated just a few short months ago.
Some in German and the Netherlands are calling for more private sector losses, while those in France and the ECB are resisting such a move on fear it would wreck havoc on a still delicate market.
The full FT.com article can be found here.
The divide comes due to concerns that the county's woes are much bigger than estimated just a few short months ago.
Some in German and the Netherlands are calling for more private sector losses, while those in France and the ECB are resisting such a move on fear it would wreck havoc on a still delicate market.
The full FT.com article can be found here.
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