Greek debt reduction plan enters critical stage

Note: This section contains information in English only.
Source: Bloomberg
Greek officials and country's creditors return to talks this week to continue impeded discussions on debt reduction as Germany is increasing pressure to close the deal. Both sides disrupted talks on January 13 as they struggled to agree on the maturity and coupon size of the new notes which should determine investor losses. Uncertainty related to the outcome of talks boosts risk of national default. Greek FM Venizelos hopes to resume talks on January 18.
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