Greece Says Investor Losses from Debt Swap May Top 70 Percent
(REUTERS) -- Greece's private sector creditors could take a loss of more than 70 percent in a planned debt swap, Finance Minister Evangelos Venizelos said on Tuesday.
There is a very serious discussion based on new facts. We are talking about a PSI much greater than the original, he told lawmakers, referring to private sector involvement in the deal.
We are talking about a haircut on the net present value exceeding 70 percent, he said.
(Reporting by Lefteris Papadimas; Writing by Ingrid Melander; Editing by Ruth Pitchford)
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