banks \probably\ face greater losses on greek debt
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Banks 'probably' face greater losses on Greek debt

Arab Today, arab today

Arab Today, arab today Banks 'probably' face greater losses on Greek debt

Paris - AFP

Banks exposed to Greek debt will probably have to face greater losses than those already agreed to, the French finance ministry said Thursday as eurozone powers scrambled to shore up private lenders. Ahead of a weekend meeting of G20 finance ministers in Paris, France said banks would probably be forced to write off more Greek debt than the 21 percent so far proposed in a July eurozone accord on a second bailout for Athens.  

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