Greek Debt Crisis Fix May Cost Central Banks up to 100 Billion Euros

Date: Jul 27 2012

Filed under: Economy, International

By Jan Strupczewski, John O’Donnell and Luke Baker

BRUSSELS — European policymakers are working on “last chance” options to bring Greece’s debts down and keep it in the euro zone, with the ECB and national central banks looking at taking significant losses on the value of their bond holdings, officials said.

Private creditors have already suffered big writedowns on their Greek bonds under a second bailout for Athens sealed in February, but this was not enough to put the country back…

Greek Debt Crisis Fix May Cost Central Banks up to 100 Billion Euros originally appeared on DailyFinance.com on 2012-07-27T09:39:00Z.

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