The Greek Write Off = 70%-75% ?

Telegraph Live: Reports that the IMF wants the Banks to write off 70% to 75% of Greek debt. Thus the news from the EU Summit that French and German leaders themselves will have direct discussions with the banks, good luck with that folks. The level of write will invoke insurance against that kind of write off, that will bring in US banks, and Greece will be frozen out of the market for years, in other words they will need more bailouts. On the three legs of saving the Euro, the EU leaders have agreed a 100 billion bank bailout, the stability fund of around one trillion, lets see the details folks. On Greece so far not a lot, but lets see the details.