The euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50% loss on their Greek government bonds under a plan to lower Greece's debt burden and try to contain the two-year-old euro zone crisis. Arjuna Mahendran of HSBC Private Bank mentioned that the markets could see a happier ending for 2011.
first published: Oct 28, 2011 04:54 pm
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