03.01.2012 - 12:57 [ Kathimerini ]

Gov´t spokesman warns of tough negotiations ahead

IMF sources on Sunday warned that the 50 percent haircut being negotiated by the provisional government would not be enough. Sources at the Washington-based fund told Sunday’s Kathimerini that a number of alternatives, including a bigger writedown, are being examined. Other options include a purchase by the European Central Bank of Greek bonds on the secondary market or better terms on eurozone loans for Greece.