- 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.
Reaction details (12:28)
- No reaction has been seen to this report across asset classes as markets tentatively await the results out of tomorrow's Eurogroup meeting.
Analysis details (12:25)
- This follows commentary last week from IIF's Dallara who said that it is the official sector's turn for Greek debt reduction.
19 Nov 2012 - 12:21 - Fixed Income Economic Commentary - Source: Newswires
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: