Greece's bailout hinges on private investors accepting a haircut of 53.5% on €206B of their...

|By:, SA News Editor

Greece's bailout hinges on private investors accepting a haircut of 53.5% on €206B of their sovereign holdings, according to the Eurogroup. That would be higher than the 50% planned at the Oct. 27 agreement. The debt swap will be launched in a few days, with Greece threatening the retroactive insertion of a collective action clause should not enough investors take part.