Central bank help needed
BRUSSELS - FRANKFURT / Negotiations between Athens and its private creditors on restructuring Greece’s debt could wrap up as early as Wednesday, bankers and officials said, but European Central Bank action to further reduce the burden is now seen as imperative and is proving a sticking point.
There is a growing awareness of the need to involve public-sector owners of Greek bonds — the European Central Bank and national euro zone central banks — in the restructuring, European officials and bankers said.