Sources say Greece's creditors are resisting IMF pressure to take bigger losses on their...

|By:, SA News Editor

Sources say Greece's creditors are resisting IMF pressure to take bigger losses on their holdings. The creditors want the €70B ($91B) of replacement bonds to carry a coupon of ~5%, while the IMF wants the coupon low enough to cut Greece’s debt-to-GDP ratio to 120% by 2020. (also)