GREEK DEBT WRITEDOWN IN A FORTNIGHT?

Greece will sign an agreement on erasing a major part of its public debt in the next fortnight, the head of the main trade union said, on 4 January, following a discussion with Prime Minister Lucas Papademos.a"The negotiation with creditor representatives is going well. There will be a deal in the next 15 days, but another month will be required to implement it," Yiannis Panagopoulos, the head of the private sector's main trade union, GSEE, told the press. At a European Council in October 2011, the country's creditor banks agreed to erase half of the Greek public debt held by the private sector, ie close to 100 billion euro. According to...