Fri, 09 Mar 2012 08:42:45 GMT
Greece got consent of more than 80% of creditors on debt swap deal
Greece has announced it has managed to secure the second bailout fund as above 80% of the private bondholders signed up for the debt swap deal. The threshold required by the IMF and the EU is 75%. The deal will allow Greece not to default because of the debts and the country will be able to stay in the Euro