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Blog Archive ? EU bids to slash Greek debt by third

-- expats
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10/26/11 13:01
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Blog Archive ? EU bids to slash Greek debt by third

Thank author of this post/comment26-Oct (Financial Times) - Eurozone leaders will attempt to reduce Greece's outstanding debt to 120 per cent of gross domestic product by the end of the decade, but were struggling on Wednesday night to pin down details of the private sector's contribution, needed for a comprehensive deal. The sharp reduction in Greek debt levels, announced by Angela Merkel, German chancellor, would be likely to force bondholders to accept that their debt payments be cut in half, according to an analysis by. .

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• summit • negotiations • gdp • athens • lenders • analysis • leaders • eurozone • debt • debt crisis • sovereign debt •
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