Greek haircut of 16-17 pct in stress test-sources

FRANKFURT, July 7 (BestGrowthStock) – The stress tests for European
banks will include a “haircut” of 16 to 17 percent on Greek
sovereign bonds, two banking sources told Reuters on Wednesday.

The presumed markdown applied to French sovereign bonds will
be 0.7 percent, one of the sources, both of which are based in
Germany, added.

“German sovereign bonds will not be stressed,” both sources
confirmed.

(Reporting by Arno Schuetze, Angelika Gruber and Alexander
Huebner)

Greek haircut of 16-17 pct in stress test-sources