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Tuesday, February 3, 2015

Greek debt swap plan gets cool euro zone reception

A Greek proposal to swap government debt for bonds with interest payments linked to economic growth got a sceptical reception from euro zone officials on Tuesday. Greece's new finance minister, Yanis Varoufakis, on Monday floated the idea that Greek bonds held by the European Central Bank and part of the debt owed to euro zone governments -- 53 billion euros of bilateral loans -- could be ...


READ THE ORIGINAL POST AT finance.yahoo.com