Greece readies debt swap under bailout deal

Feb 23, 2012   //   by Administrator   //   Blog  //  No Comments

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ATHENS (Reuters) – Greece's parliament will endorse a debt swap with private bondholders on Thursday to help reduce the country's debt and secure an international bailout, despite new protests against the tough terms of the deal. The swap, in which private investors exchange their bonds for lower-value debt, will slice 100 billion euros ($132 billion) off Greece's debt, a vital part of the EU …
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