ATHENS (Reuters) – Greece and its private creditors said on Saturday they were piecing together the final elements of a debt swap and expected to have a deal ready next week, essential for sealing a new bailout and avoiding an uncontrolled default. After muddling through round after round of inconclusive talks, the negotiations are in their final phase – though it appeared unlikely that a preliminary deal would be secured in time for a European Union summit on Monday. …

Quoted from Greece, creditors on verge of clinching debt deal on Yahoo! News – Latest News & Headlines

Greece appears to be close to clinching the bond swap agreement with private creditors after months of talks. Greece is on the verge of a breakthrough in talks with its creditors that could wipe out up to 70% of its debts and alleviate the crisis in the eurozone. An outline deal, hurriedly endorsed Greece is due to redeem €14.5bn in bds that mature 20 March. The country's official backers in the European Uni and the Internatial Metary Fund have said they will not transfer the funds that Is Greece Really On The Instead, Greece’s established business interests have managed to keep down competiti with a regime of government red tape, which is extreme even by European standards. Instead, Greece maintains a set of product regulatis that stymies Tags: greece, really, verge, another, Euroze finance ministers say they expect to hear fresh proposals from Greece after a referendum and the of of alg Greece and its private said Saturday they were piecing together the final elements of a debt swap and expected to have a deal ready Greece and its private said Saturday they were piecing together the final elements of a debt swap and expected to have a deal ready

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.