News Headline Summary

EU's Rehn says work is ongoing on Greek debt sustainability

- Cutting Greek loan rates may be one way to sustainability.
- No reason to doubt IMF involvement with Greek bailout.

Analysis details (08:38)

- Overnight, Handelsblatt reported that Eurozone finance ministers will only attempt to close Greece's financing gap to 2014 when they meet in Brussels next Tuesday, instead of finding a solution for as long as 2020 according to a senior European source.
- The financing gap could be realized by lowering interest rates on outstanding debt as well as extending maturities on loans according to diplomats.

15 Nov 2012 - 08:36 - Fixed Income Economic Commentary - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: