Banks say no deal on Greek debt

Banks say no deal on Greek debt
BY: FROM CORRESPONDENTS IN WASHINGTON From: AFP October 27, 2011 9:39AM

THE group of major banks negotiating on a write-down of Greek sovereign debt say they have not reached a deal on its debt, including any new write-down.

"There has been no agreement on any Greek deal or a specific 'haircut'," said Charles Dallara, the head of the Institute of International Finance which is representing the banks in EU negotiations.

"We remain open to a dialogue in search of a voluntary agreement. There is no agreement on any element of a deal."

http://www.theaustralian.com.au/business/breaking-news/banks-say-no-deal-on-greek-debt/story-e6frg90f-1226178029025