All the latest economic and financial news, including reaction to Yanis Varoufakis’s plan to swap some of its debts for new growth-linked bonds 7.47am GMT Good morning, and welcome to our rolling coverage of the Greek debt negotiations, and other events across the world economy, finance and business.There’s a sense of calm in the markets this morning after the new Greek government laid out its plan to renegotiate its some of its debt pile.Tuesday's FT front page: Greek finance minister unveils bid to end stand-off with creditors #tomorrowspaperstoday pic.twitter.com/4uG7U8Lbvc“I’ll say, ‘Help us to reform our country and give us some fiscal space to do this, otherwise we shall continue to suffocate and become a deformed rather than a reformed Greece’.”There was encouragement late yesterday as the new finance minister seemed to climb down from initial demands for debt write-offs, proposing instead a bond swap arrangement; the details have yet to emerge. Continue reading...
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