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Blog Archive ? EU Said to Consider One-Time 50% Greek Writedown

-- expats
Forum Post
10/14/11 11:43
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Blog Archive ? EU Said to Consider One-Time 50% Greek Writedown

Thank author of this post/comment14-Oct (Bloomberg) ' European officials are considering writedowns of as much as 50 percent on Greek bonds, a backstop for banks and continued central bank bond purchases as key planks in a revamped strategy to combat the debt crisis, people familiar with the discussions said. The Greek bond losses may be accompanied by a pledge to rule out debt restructurings in other countries that received bailouts, such as Portugal, to persuade investors that Europe has mastered the crisis, said the people,. .

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