News Headline Summary

Austrian finance minister says sees further concessions in the works for Greece, 2022 is still possible deadline for Greek debt drop

- No decision now on post-2016 handling of Greek debt.
- Sees mix of steps including use of central bank profits.
- Greek debt write off currently not on the agenda.

Update details:

- Weekend press reported that Eurozone finance ministers are considering a possible haircut for Greece in 2015, according to unnamed sources. However ECB's Asmussen said Greece needs packages of measures and not a debt write-down, and debt write-down is not part of the next package aimed at bridging the Greek financing gap.

Print 10:57, 26 Nov 2012 - Economic commentary - Source: Newswires