Wednesday, June 22, 2011

Euro-Zone Governments Start Greece Talks With Banks

Wall Street Journal
June 22, 2011

European governments have begun sounding out their banks on ways to share the burden of the latest bailout package for Greece.

In both Germany and France, finance-ministry officials met representatives of their respective countries' leading banks and insurers on Wednesday to discuss how a possible rollover of Greece's debts could work, people familiar with the matter said.

German officials held private, informal talks with bankers in Frankfurt to discuss a voluntary participation in the planned Greek aid package, these people said. Meanwhile French officials held talks in Paris with their countries' leading financial institutions. Similar consultations have started with financial institutions in the Netherlands, according to a person familiar with the matter.

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