Greek debt not sustainable with 70 pct haircut: S&P
NEW YORK (Reuters) – Greece will likely fail to achieve sustainable debt levels if it only resorts to a 70 percent reduction in the value of bonds held by private creditors, Standard & Poor's warned on Wednesday, putting pressure on the ECB to also take losses. Private-sector bond holders currently account for only a small part of Greece's creditors since most of the country's debt has migrated …
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