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E-Zone looks for to save Greek debt write-down- 24/01/2012
No CommentsE-Zone finance ministers knotted on Monday to hit out a huge debt write-down deal for Greece as Athens and its bank creditors struggled to find a compromise to avoid a frenzied default. Ministers meet on Monday to confirm a pact to harden budget discipline across the e-zone while Athens and its private lenders seek common ground to erase 100 billion euro ($129 billion) from a 350 billion euro debt stack. Institute of International Finance (IIF)-(group representing private lenders) told that banks had offered the maximum they were willing to drop in a bond swap deal. Click Here………….
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