EU officials refuse investor write-offs

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
European officials rejected earlier proposal which implied that investors must share the charge of bailouts. Restraining private sector engagement was a part of a bundle agreed upon in today's summit. The decision was a defeat for Chancellor Angela Merkel who was willing to expose bond-holders to losses in debt reforms as her voters resisted expanding bailout program.

 

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