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Investors in Greece Face Bigger Losses

EU hints at larger role for bondholders in euro-zones bailout of Greece.

By James G. Neuger, Jonathan Stearns, Bloomberg | Updated on October 04, 2011

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.

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