Banks to meet to sweeten Greek terms / Finns talk tough on aid for Greece

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Series Details 6.7.11
Publication Date 06/07/2011
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Article reports that the eurozone’s big banks would meet again in Paris on the 6 July 2011 in an attempt to end the deadlock with European authorities over the terms of investors’ participation in the restructuring of Greek sovereign debt.

Separately, Finland warned on the 5 July 2011 that it would not provide further aid to Greece without collateral from Athens, highlighting the tough stance Helsinki intends to take in negotiations over a fresh bail-out package for the country.

Related Links
ESO: Background information: The Greek debt crisis of 2010
ESO: Background information: ECB will continue to accept Greek debt / Greek bail-out holds ‘impossible knot’
Kathimerini, 5.7.11: Private bondholders meet to flesh out Greek debt plan
Website: Institute of International Finance
Kathimerini, 5.7.11: PM wants reform by fall
Kathimerini, 6.7.11: No deal on debt rollover in Paris

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