July 11, 2011
With indecision over a second Greek bailout provoking new fears of the debt crisis spreading in the euro zone, finance ministers sought on Monday to speed an agreement over private-sector contributions to the rescue that could include the buyback of some of Greece’s debt.
Two days of talks in Brussels began with Italian and Spanish bonds under assault on world markets and the 17 euro-area governments still in disarray over whether to run the risk of a selective default by pressing for private-investor contributions to a new rescue of Greece.
One sign of the continuing confusion at the heart of policy making was renewed discussion about reducing the burden on Greece by financing a buyback of its debt.
More
No comments:
Post a Comment