Europe's Debt Haircut
Michael Hewson
|
Posted 27.12.2011
|
UK Politics
Read More:
Italty,
Eurozone,
Greece,
Greek Financial Crisis,
Euro Deal,
European Union,
Italian Economy,
Eu,
Euro,
UK Politics News
Wednesday night's deal by the EU leaders came about as a result of the increasing Government pressure on the banks to reduce the bill run up by the Greek government. The banks accepted a "voluntary haircut" of 50% on their holdings of Greek government debt.
