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Friday, February 6, 2015

Rare growth-linked debt could work for Greece

Greece's proposal to swap debt held by its euro zone creditors for bonds with payments linked to economic growth got a cool reception in European capitals this week, with one official calling it a "new trick" to a haircut. It would be the first time official creditors signed up to an idea that is unpopular with private bondholders and only has a couple of private sector precedents. They say the ...


READ THE ORIGINAL POST AT news.yahoo.com