Help the refugees

If you move around the world by choice, consider helping those forced from their homes by conflict. Donate to the UN Refugee Agency today.

Home News Banks urged to shoulder more of Greek debt burden

Banks urged to shoulder more of Greek debt burden

Published on 22/10/2011

Europe's finance ministers have agreed banks must accept substantially bigger losses on their Greek debt bonds to ease the eurozone debt crisis. Banks could face writedowns of up to 60 percent on their debt holdings.