Greece’s financial minister said on Tuesday that private creditors could see a loss of more than 70% in a debt swap, Reuters reported.
“We are talking about a haircut on the net present value exceeding 70%,” Evangelos Venizelos told lawmakers, according to Reuters.
“There is a very serious discussion based on new facts. We are talking about a PSI much greater than the original,” he also said, referring to private sector involvement, according to the report.
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