Greece debate grips European markets

Greek flag

Discussions on how to involve private bondholders in reducing Greece's burgeoning fiscal deficit intensified on Wednesday as European policymakers clashed on details of a new rescue plan.

At a parliamentary hearing on Tuesday, Jan Kees de Jaager, the Dutch finance minister, said he would like to see private holders of Greek debt take a "substantial" haircut of at least 30%. His comments come after European policymakers met on Tuesday to discuss options to address Greece's woes, including a

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