STOCK MARKET WATCH -- Monday, 26 November 2012

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20. Euro zone to seek Greek aid deal without write-off

http://www.reuters.com/article/2012/11/26/us-eurogroup-greece-idUSBRE8AP05820121126

(Reuters) - Euro zone finance ministers and the International Monetary Fund began their third attempt in as many weeks to release emergency aid for Greece on Monday, with policymakers saying a write-down of Greek debt is off the table for now.

Greek Finance Minister Yannis Stournaras voiced confidence the ministers would finally reach a deal after Greece had fulfilled its part of the deal by enacting tough austerity measures and economic reforms.

"I'm certain we will find a mutually beneficial solution today," he said on arrival for what was set to be another marathon meeting.

Greece, where the euro zone's debt crisis erupted in late 2009, is the currency area's most heavily indebted country, despite a big "haircut" this year on privately-held bonds. Its economy has shrunk by nearly 25 percent in five years.