Wednesday, December 14, 2011

Greek Fin Min Sees Debt Writedown Plan Within Reach

 


















Talks between Greece and its private creditors over a planned debt restructuring are edging towards a compromise, the country's finance minister said Wednesday, with another round of talks possibly taking place within the next few days.

Under the terms of a EUR130 billion bailout Greece hopes to receive from its European partners next year, the country has been tasked with negotiating a voluntary deal with private creditors that would slash the amount of debt it owes them in half.


Dow Jones Newswires