Euro Finance Chiefs Split on Bondholder Role in Greek Rescue
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European finance chiefs are divided on how to involve private investors in a second bailout for Greece and stave off the euro area’s first sovereign default without running afoul of the European Central Bank.
“You can’t leave the profits with the banks and make the taxpayers shoulder the losses,” Austrian Finance Minister Maria Fekter told reporters in Brussels today before an emergency meeting on Greece. “Ministers have different positions,” she said. “We’ll put them on the table and look at where the compromise lies.”