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Greece close to debt swap deal

Category : Credit Card Debt


www.euronews.net Greece says it has all but concluded a crucial debt relief deal with its private investors. The agreement would see those investors swap their Greek government bonds for new ones of a lower value, with a longer repayment period at lower interest rates. Finance Minister Evangelos Venizelos said now they focus on convincing the EU and the IMF they can deliver the promised spending cuts and reforms. Failure to persuade lenders it can follow through on its pledges could put both the bond swap and the country’s latest bailout at risk.

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The same story day after day since sometime last august: “Greece is days away from a deal”.

Spare us the lies.

I like how the opinion of a guy who works for a company with about 15 employees is somehow deemed relevant. Especially considering the ideological background of the company’s founder. 

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