Greece wants another billion or so to buy back all bonds

December 12, 2012
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Euro Crunch
December 12, 2012


A link from Reuters

Greek officials said today they wanted an additional €1.29 billion from foreign lenders to buy back all of the €31.9 billion of debt offered in a bond buyback scheme. The plan is to make Greece’s mountainous debt sustainable and unlock aid to avoid bankruptcy. Greece had a maximum budget of €10 billion to buy back the bonds, trading at a huge discount to face value.

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