London Club offer 'unacceptable' to Dinkic

Yugoslav officials appear in no rush to reach a conclusion over a $2.2bn ( £1.6bn) debt rescheduling in negotiations with the London club of private creditors.

Yugoslavia is seeking a right off in the region of 70% for the value of the debt, the offer from the London Club stands at 50%. Central bank governor Mladjan Dinkic has described this offer as "unacceptable". Yugoslavia has already secured a 66% deal with the Paris Club of national creditors earlier this year. "As for the London Club,

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