Saturday, 22 October 2011 21:15
Posted by Muhammad Iqbal
PARIS: Euro zone countries will have to agree to a write-down on Greek debt of around half their value, Belgian Finance Minister Didier Reynders told France 24 television in an interview broadcast on Saturday.
Referring to previous discussions of a 21 percent "haircut", Reynders said: "We will have to at least double that. I think we won't be far away from abandoning half of the debt."
The finance minister said that a mechanism would need to be ...