Greece debt deal now depends on private creditors

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Source: Bloomberg
The successful outcome of Greek debt deal now depends on the number of private creditors who will agree on write off before deadline due March 8. Investors are expected to write down 53.5% of their principal amount and exchange the remaining securities for new Greece's sovereign bonds and bills from EFSF. Euro Zone FMs will participate in teleconference on March 9 to sum up the deal's results.  
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Mon, 05 Mar 2012 07:36:45 GMT

Russia's elections: Vladimir Putin won about 60% votes

Vladimir Putin won presidential elections in Russia, after being a PM for the last four years. Preliminary results indicated that he received more than 60% of the votes. Proponents of Vladimir Putin said that he won in an honest and open way. However, opponents claimed that many citizens cheated on the elections. They plan mass demonstrations in Moscow on Monday.

Mon, 05 Mar 2012 07:47:00 GMT

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Australian Dollar weakened, falling from 9-month high versus Japanese Yen as Asian equity markets moved down on Monday, lowering demand for higher yielding assets. Aussie plunged 0.9% against Japanese currency to JPY 87.05 and gave up 0.3% against US Dollar to USD 1.0704. Meanwhile Kiwi slipped 0.8% versus Yen to JPY 67.30 and lost 0.2% versus its US peer to

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