News Headline Summary

Germany floats idea for Greek debt buy-back at EUR 0.25 per EUR for half of outstanding privately held debt according to a source

- The voluntary proposal would leave private sector holders of Greek debt who have already seen most of their investments wiped out with just cents per EUR, even while Eurozone countries demand 100% of their principal back for official loans.

Update details:

- This follows commentary last week from IIF's Dallara who said that it is the official sector's turn for Greek debt reduction.

Reaction details:

- No reaction has been seen to this report across asset classes as markets tentatively await the results out of tomorrow's Eurogroup meeting.

Print 17:21, 19 Nov 2012 - Economic commentary - Source: Newswires