Published on Jan 21, 2012 by Euronews
http://www.euronews.net/
Greece's private creditors say a crucial deal to slash the country's
debt is coming together. But no agreement was reached on Friday and
talks with Greek Finance Minister Evangelos Venizelos will continue over
the weekend.With bankruptcy looming in March, Athens needs to secure a debt swap in which private creditors are being asked to take a loss on their bondholdings.
If the deal is completed properly, with comprehensive participation, analyst Nikos Christodoulou of Merit Securities does not believe that danger exists
1 comment:
I have not heard anything to date on the planned privatization of national companies that was agreed last year to help Greece get out of debt.
I have always thought that holding the Olympic Games damaged the country´s economy. Hope that it does not do it to Britain after London 2012
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