The Greek talks with bondholders remain highly uncertain, after the Greek Prime Minister, George Papademos said that in case negotiations failed again today, the private sector could be forced to take losses on the bonds they hold, according to an interview published in New York Times.

The Premier also clarified that creditors could face a new legislation that force haircuts on the bonds held by the private sector in case they would not voluntary write down $130 billion of the total $450 billion Greek-debt.

Some relief was seen in the market after the Greek Prime minister announced that Greece on both ways will get rid of some of the huge amount the debt the nation handles, which sent the U.S. dollar south and supported the euro to extend the gains recorded this week.