Juncker Warns That Greek Talks with Private Investors Are in a Difficult...

Juncker Warns That Greek Talks with Private Investors Are in a Difficult Stage

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Negotiations to fix a massive write-down with private investors of Greek sovereign debt are at an “ultra difficult” stage, eurozone chief Jean-Claude Juncker said Thursday.

“These negotiations are ultra difficult,” the Luxembourg prime minister told school pupils in a blunt address, referring to the key first condition for a global agreement on a second financial rescue for Athens.

Juncker, who chairs the Eurogroup that gathers finance ministers from the 17 currency partners, joked that the progress of the negotiations meant “this will be the last happy moment of the day for me.”

In Athens, Greek government spokesman Pantelis Kapsis also said the talks were proving “very difficult,” telling Mega private television that the “cost” of the decisions facing the caretaker coalition led by Lucas Papademos “will not be anodyne for our citizens.”
(source: AFP)