Germany's vice chancellor is insisting that Greece's private creditors must share the pain of a new long-term bailout for the debt-laden country, according to AP. Economy Minister Philipp Roessler said Thursday a new bailout package will require parliamentary approval and can only be considered with a «substantial contribution by private creditors.» EU officials say discussions over a longer-term bailout for Greece are likely to be delayed until July as policymakers are split over how to get private creditors to share the pain _ a move some experts say would be considered a default. The European Central Bank warns that forcing losses on private creditors could pummel banks in Greece and Europe holding Greek bonds, triggering a dangerous chain reaction in markets. -- SPA
