IMF and ECB should share pain of Greek haircut, says Schroders

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EUROPE - Europe's cental bank and even the IMF should share in the haircuts on Greek debt that seem increasingly inevitable for private bondholders,UK asset manager Schroders claims.

Greece would need to impose a haircut "of at least 50% on its debt, to get itself back to a sustainable position", said Schroders' chief economist and strategist Keith Wade (pictured) and European ...

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