Greece negotiates write-down on debt

© 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.