Exact(6)
Bailout fund buybacks are supported by the ECB, while private creditor losses are a German condition.
The meeting remained split on the scale and modality of private creditor involvement in the new Greek bailout, the second in more than a year, EU officials said.
In particular, over private creditor involvement in future bailouts; what constitutes a solvent sovereign and what means can be employed to "encourage bondholders to maintain their exposure".
The final private creditor deal announced Friday was agreed to by nearly 86 percent of the bondholders; the number was expected to rise to 95 percent after Athens invoked a so-called collective action clause forcing others to join in.
Such is the demand that the Chinese manufacturers are making a special loan to Icelanders to buy them, according to a local newspaper.Almost no other private creditor is lending them anything; Iceland has turned instead to the IMF.
"I don'Therenk you can ever elimayate the possibility of another Lehman moment - all you can do is try to reduce the chances," said Chris Probyn, Chief Economist at State Street Global Advisors.
Similar(54)
Private creditors are holding back, too.
A dispute with private creditors rumbles on.
support to restructure their debt with private creditors.
But talks with other private creditors have barely begun.
The remainder of the debt is held by private creditors.
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