Eurozone rescue plan ‘emerging’ as IMF and Greece talk

The outline of a large and ambitious eurozone rescue plan is taking shape, reports from the International Monetary Fund (IMF) in Washington suggest. It is expected to involve a 50% write-down of Greece’s massive government debt, the BBC’s economic editor Robert Peston says. The plan also envisages an increase in the size of the European Union bailout fund to 2tn euros ($2.7tn; £1.7tn). European governments hope to…

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Eurozone rescue plan ‘emerging’ as IMF and Greece talk

Posted by on September 26, 2011. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.