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Europe Daily Bulletin No. 10411

5 July 2011
GENERAL NEWS / (ae) eu/greece
Participation of private sector - French option ruled out

Brussels, 04/07/2011 (Agence Europe) - On Monday 4 July, the American ratings agency Standard and Poor's said that the plans recommended by the French banks for the voluntary refinancing of the Greek debt would probably bring the country into temporary default (EUROPE 10410). “From our point of view, each of the two options laid down in the proposal by the French banking federation would likely amount to a default”, it states in a press release. If either of the two options were...

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