Investors in Greece Face Bigger Losses

EU hints at larger bondholder role in euro-zone’s bailout of Greece.

European governments dropped clues that bondholders may have to take bigger losses on Greek debt in a second aid package, as Greece’s deteriorating economic outlook forces bolder steps to quell the fiscal crisis.

Finance ministers considered reshaping a July deal that foresaw investors contributing 50 billion euros ($66 billion) to a 159-billion euro rescue. That private sector involvement, or PSI, includes debt exchanges and rollovers.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.