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Europe Daily Bulletin No. 10528

11 January 2012
ECONOMY - FINANCE / (ae) greece
Debt restructuring agreement with banks in sight

Brussels, 10/01/2012 (Agence Europe) - On Tuesday 10 January, Greece seemed close to an agreement with its banks on the voluntary wiping out of part of its debt, which would provide welcome momentum in the difficult talks with the EU and IMF and would make it possible to avoid payment default by the country in March. According to the Greek media, Prime Minister Lucas Papademos has told his ministers that a deal with the banks could be reached early next week, while Secretary of State for...

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