January 19th, 2012
03:15 PM ET

Greek debt talks end Day 2 with no deal ... yet

A deal on restructuring Greek debt remained elusive Thursday as talks with the nation's private sector creditors ended for a second day without agreement.

The Institute of International Finance, which represents the private sector investors who own Greek government bonds, said negotiations would resume Friday.

The talks in Athens hinge on a plan that that cuts the value of Greek government bonds in half.

The deal would result in significant losses for the private sector, which holds over €200 billion of Greece's €350 billion debt load.

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Filed under: Economy • Greece
soundoff (7 Responses)
  1. Kandi

    Hmmm surprised, has no one in the US thought this may impact us?

    January 19, 2012 at 9:37 pm | Report abuse |
  2. Kandi

    I shouldve probably worded that differently. While it may not have an immediate impact on the American people it will most definitely impact wallstreet and the l%ers which in turn trickle down to the rest of us.

    January 19, 2012 at 9:41 pm | Report abuse |
  3. Warrior

    Just send them our tax money , sheeeesh!!!

    January 19, 2012 at 11:21 pm | Report abuse |
  4. Kandi

    Well that was intelligent! How bout you send them yours. I prefer to watch the collapse of the elite ones myself, theyve had no problem watching the working middleclass collapse.

    January 20, 2012 at 1:34 am | Report abuse |
  5. Warrior

    Just send them some of our tax payers money so they can spend it to!!! Remember that we dont need it ourselfes do we?

    January 20, 2012 at 1:48 am | Report abuse |
  6. Warrior

    @kandi they already spent mine on the deployment home from IRAQ so its gone probably on a gallon of deisel motor oil, LOL!!!

    January 20, 2012 at 1:51 am | Report abuse |
  7. RAINFOREST

    anything positive

    January 20, 2012 at 11:37 am | Report abuse |
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