Rumours fly about looming deal on Greek debt

UPDATE: As talks resume today in Athens, local reports say bankers may be willing to accept a 3.75 per cent interest rate on new debt.

26th January, 2012
Rumours fly about looming deal on Greek debt
Charles Dallara, one of the negotiators for creditors on Greek debt.

Media reports are circulating that Greece's private creditors are willing to improve their "final offer" of a four percent interest rate on new Greek bonds and thus avert a default.

Newswires including AP are citing Greek media as saying an average coupon of around 3.75 percent on bonds will be accepted.

The top negotiator for private creditors, Charles Dallara, is in Athens to resume talks with government officials, today.

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