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Image header Agence Europe
Europe Daily Bulletin No. 10484
Contents Publication in full By article 11 / 37
GENERAL NEWS / (ae) eu/greece

Private sector contribution to second Greek bailout

Brussels, 27/10/2011 (Agence Europe) - The financial sector has agreed to a voluntary contribution to the second Greek bailout and will contribute more than agreed at the previous eurozone summit on 21 July (see EUROPE 10483). The idea is for the private sector contribution to reduce the value of Greece's debt to 120% of GDP by 2020. From now until the end of the year, holders of Greek bonds can swap them for other bonds of half the face value. The new bonds will be covered by the new...

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