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Monday, June 21, 2010

Turkey Plans $9.6 Billion Debt Restructuring at State Utilities - BusinessWeek

"Turkey Plans $9.6 Billion Debt Restructuring at State Utilities
June 21, 2010, 5:24 AM EDT

By Ali Berat Meric and Ercan Ersoy

June 21 (Bloomberg) -- Turkey’s parliament will pass a law before parliament’s summer recess to restructure debts of five state energy utilities that have risen to 15 billion liras ($9.6 billion) and hurt the budget, Energy Ministry Undersecretary Metin Kilci said"

More:Turkey Plans $9.6 Billion Debt Restructuring at State Utilities - BusinessWeek