Euro area heads endorse Vienna Initiative-style agreement

Greek flag

European heads of state on Friday endorsed plans by the Eurogroup to allow for voluntary private sector involvement to roll over Greece's mounting debt.

Euro area governments said they backed the Eurogroup's decision on June 20 to pursue voluntary private sector involvement and that additional funding for Greece will be financed through both official and private sources. It said an "informal and voluntary" rollover of existing Greek debt at maturity would substantially reduce the required year

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account