ISTANBUL — The International Monetary Fund believes that a writedown of 60% on private sector’s holdings of Greek debt won’t be sufficient and a larger haircut will be necessary as part of a new Greek debt bailout, a senior European Union official familiar with the negotiations said Wednesday.
“The IMF thinks that 60% haircut is not enough–they want more,” the official told Dow Jones Newswires. “It should be 65% or more.”
via EU Official: IMF Sees 60% Greek Debt Writedown Too Small.
