Greece confirms debt swap deal success
Athens - Arabstoday
The Greek government has confirmed that it has secured sufficient backing for a debt swap deal that will enable it to avoid defaulting on its debts. The Hellenic Republic Ministry of Finance said that 85.8% of private bondholders had agreed to the plan. Athens needed to get 75% agreement to be able to push through the deal. It needs the debt swap so it can get access to a second bailout from the European Union, European Central Bank and International Monetary Fund. BBC
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