Europe eyes bigger Greek losses for banks
An employee of the Ministry of Labour blows a whisle and holds a black flag during a protest by public sector workers outside the Greek parliament in Athens October 12, 2011.
Credit: Reuters/Yannis Behrakis
BRUSSELS/ATHENS (Reuters) - Euro zone countries will ask banks to accept losses of up to 50 percent on their holdings of Greek debt, officials said on Wednesday, as part of a grand plan to avert a disorderly default and stem a crisis that threatens the world economy.
Jan Strupczewski and Harry Papachristou
BRUSSELS/ATHENS
Wed Oct 12, 2011 5:19pm EDT
link-
http://www.reuters.com/article/2011/10/12/us-eurozone-idUSTRE7953D520111012
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