Greek bondholders could face 60% haircut

Greek bondholders could face 60% haircut

Greece’s economy has deteriorated so severely in the last three months that international lenders would have to find €252bn in bail-out loans through the end of the decade unless Greek bondholders are forced to accept severe cuts in their debt repayments http://link.ft.com/r/S4XZQQ/R3BCZX/RNF1Y5/16631N/C4IN36/XL/h?a1=2011&a2=10&a3=21