Greece's parliament approved debt swap

Note: This section contains information in English only.
Source: BBC
Greece's parliament ratified the law allowing debt swap deal with private bondholders that is the main requirement for receiving bailout package from the EU and IMF. Private creditors will have to write down 53.5% for the bonds thus reducing Greek debt by 107 billion Euros. After approving debt swap deal the parliament will embark on designing the austerity measures further to get the second loan from the EU and IMF.


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Fri, 24 Feb 2012 11:10:22 GMT

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