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Most Greek Bondholders Agree to Take Huge Loss

Debt swap deal a success

By Kevin Spak,  Newser Staff

Posted Mar 9, 2012 7:07 AM CST | Updated Mar 9, 2012 7:32 AM CST

(Newser) – A whopping 85.8% of Greece's private bondholders have agreed to swap their bonds for new ones that are worth half as much, the country announced today. "The response exceeded all expectations, and every historic precedent," Greece's finance minister boasted. Greece...   Read full story »

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