Greek debt write-down must be larger: Germany

Germany's finance minister Wolfgang Schaeuble said that holdersof Greek government bonds must accept bigger losses to achieve sustainablesolution for Europe's debt crisis.

He told a German broadcaster on Sunday that anagreement struck in July when banks and other investors agreed to renounce on20 percent of their Greek debt must be renegotiated.

He said that private sector's contributionto a reduction of Greece'sdebt burden "will probably have to be higher."