German banks said that he agreed with the Government on the Plan of deployment on Greek debt - Bloomberg

Banks and insurers Germany hold Greek sovereign debt expiring in 2014 to approximately 2 billion euros ($2.9 billion) and EUR 4 billion that expires in 2020, the people said.Photographer: Hannelore Foerster and Bloomberg Finance Minister Wolfgang Sch?uble the Germany. Photographer: Michele Tantussi/Bloomberg.

Most large banks of the Germany and the insurers and the Government have agreed on a draft proposal to refinance the assets of Greek debt, said those familiar with the plan.

Financial firms will undertake to provide funding for a Greek aid package and an announcement is scheduled for this afternoon, said the people, who refused to be identified because the talks are private. The project could still be amended at a meeting today with Finance Minister Wolfgang Sch?uble and top industry leaders, said the people.

Banks and insurers Germany hold Greek sovereign debt expiring in 2014 to approximately 2 billion euros ($2.9 billion) and EUR 4 billion that expires in 2020, the people said. The project left open how much debt would be reappointed or under what conditions the plan should be carried out, they said.

To contact the reporter on this story: Aaron Kirchfeld in akirchfeld@bloomberg.net Frankfurt

To contact the responsible editors of this story: Frank Connelly at fconnelly@bloomberg.net; Edward Evans in the eevans3@bloomberg.net