Monday, June 27, 2011

FRENCH PLAN FOR GREEK DEBT ROLLOVER WOULD COVER BONDS MATURING IN 2011 TO 2014
FRENCH PLAN INVOLVES CREATING A SPECIAL PURPOSE VEHICLE (SPV) FOR BONDS ROLLED OVER
FRENCH PLAN WOULD MEAN BANKS THEN HOLD EQUITY IN SPV, RATHER THAN HAVING GREEK DEBT ON BALANCE SHEETS

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