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Sarkozy: Deal reached for 50% Greek bond writedown

Sarkozy: Deal reached for 50% Greek bond writedown (by Sarah Turner)

SYDNEY (MarketWatch) -- French President Nicolas Sarkozy said early Thursday that a deal has been reached in which private holders will take a 50% haircut on their Greek government-bond holdings, according to reports. Sarkozy was speaking at a press conference in Brussels after a lengthy euro-zone summit.

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The Euro-zone Circus continues...
Re: The Euro-zone Circus continues...
Sarkozy: Deal reached for 50% Greek bond writedown