Tuesday, January 17, 2012

Dutch Fin Min: Greek Bondholders May Have To Shoulder Bigger Burden


AMSTERDAM -(Dow Jones)- Dutch Finance Minister Jan Kees de Jager said Tuesday the private sector may have to shoulder a bigger burden to make Greece's debt load sustainable.
De Jager, who made his remarks in an interview on Dutch television, said private creditors may have to take a bigger write-down on their holdings of Greek government debt than the 50% haircut agreed in October. He also said they may have to accept a lower coupon, or interest payment, on the new bonds that Athens plans to offer in exchange for the haircut.
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