Banking representatives are meeting with European Union officials to determine the scope of the losses they will be forced to accept under the terms of the Greek debt relief plan. Rumors have the EU insisting on a 60 percent loss while banks are offering to absorb 40 percent losses.
Source: Bloomberg 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.