With the world focused of Egypt, details of a plan to restructure the Greek debt are beginning to leak out.
Under the three-stage plan, Greece would borrow from the euro zone’s new rescue fund to buy back Greek bonds currently owned by the ECB and private bondholders at about 75 percent of their nominal value, the newspaper reported, citing a senior banker with knowledge of the talks.
Let’s see if EU leaders stick to their “no plan to restructure Greek debt” line on Monday.
