Greece Private-Sector Creditors Meet in Paris |
| Wall Street Journal - Jan 25, 2012 |
Greece's private-sector creditors are meeting in Paris Wednesday in a bid to "determine the next course ahead" in talks to help ease the ailing country's debt burden, according to a person familiar with the matter.
The meeting comes amid intense pressure on banks and others in the private sector to agree a deal with Greece that would go far enough in alleviating its massive debt load. Alternatively, Greece's official creditors may have to kick in more support, a point advanced Wednesday by International Monetary Fund chief Christine Lagarde.
"The bigger the private effort, the smaller the participation of public creditors will need to be," she told a group of reporters during a trip to Paris. "If the level demanded of private investors isn't reached, then public creditors will have to step in too."
Ms. Lagarde said it wasn't for her to decide which official creditors should shoulder any additional burden. Greece's main public creditors are euro zone governments and the European Central Bank.
Read Full Article from Wall Street Journal
- Posted: 2012-01-25 11:09:19
| More Stock Investor Place Top Stories |
 |
|
|
|
| Stock Investor Place Top Stories Archive |
|
|
|
