Sunday, June 26, 2011

France, banks agree Greece debt proposal: report

 
















The French treasury and banks have agreed on a proposition to make a Greek debt rollover more palatable to creditors through a combination of longer maturities and less risk, Le Figaro reported on Sunday.

Under the plan, creditors would reinvest just 70 percent of the proceeds reimbursed when Greek debt falls due, with 50 percent going into new Greek debt with a maturity of 30 years instead of five, the newspaper said on its website.




Reuters