EU leaders seeking Greek sovereign debt haircut of up to 60% and leveraging the rescue fund to €1trn
Oct 25th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Angela Merkel, German chancellor, on Monday outlined to German political party leaders details of the planned Eurozone crisis measures that will be approved by European leaders at a summit on Wednesday. They include a Greek sovereign debt haircut of up to 60% and leveraging the European Financial Stability Facility (EFSF) rescue fund to €1trn.