Reuters
June 22, 2011
Talks between governments and private creditors about voluntary participation in a second bailout package for Greece will begin across the euro zone on Wednesday, a source in the German government said.
All relevant banks and insurers in Germany which could contribute to a private sector solution would take part in the talks, the source told Reuters.
"The (German) finance ministry has invited banks and insurers for talks on a working group level in Frankfurt," the source said, adding the same would begin elsewhere in the euro zone.
Euro zone governments are discussing a second bailout package for Greece that would run from 2011 to 2014 and could amount to 120 billion euros, including up to 30 billion euros in private sector contributions on the basis of the so-called "Vienna Initiative".
More
No comments:
Post a Comment