banks greek debt deal to move ahead as planned
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Banks :Greek debt deal to move ahead as planned

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Arab Today, arab today Banks :Greek debt deal to move ahead as planned

Washington - AFP

Banks which agreed to write down some 100 billion euros worth of Greek bonds said Tuesday they will proceed as planned even as Athens shocked markets saying the EU rescue would be put to a risky referendum. The Institute for International Finance, which has negotiated for the banks, "reaffirmed its intention to move ahead with the agreement reached on October 26/27 in Brussels... to reduce the nominal private sector holdings of Greek government bonds by 50 percent."  

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