Greece negotiates write-down on debt

Source: XINHUANEWS
© Scanpix/AFP

On Wednesday Greek short-term PM Lucas Papademos opened talks on details regarding write-down of Greek national debt owned by private sector. According to the presidential office, today Papademos are negotiating 50% debt ''haircut'' with the leader of Institute of International Finance (IIF). Nevertheless, analysts express growing concern, as the implementation of decisions made in summit on October 26 is delaying. 

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