Tags: greece | greek | eu | curope

Europe May Accept Greek Bond Defaults in Bailout

Sunday, 10 Jul 2011 05:59 PM

European leaders are prepared to accept that Greece should default on some of its bonds as part of a new bailout plan for the country that would put its total debt levels on a sustainable footing, the Financial Times reported, citing unnamed senior officials.

The new plan, to be discussed at a meeting of euro area finance ministers Monday, could also include new concessions by European lenders to reduce Greece’s debt, including further lowering interest rates on bailout loans and a broad-based bond buyback program, the FT said.

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European leaders are prepared to accept that Greece should default on some of its bonds as part of a new bailout plan for the country that would put its total debt levels on a sustainable footing, the Financial Times reported, citing unnamed senior officials.The new plan,...
greece,greek,eu,curope
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2011-59-10
Sunday, 10 Jul 2011 05:59 PM
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