Greek Finance Minister hails 'historic' debt deal

2012-03-09 4

The Greek finance minister has hailed the bond swap deal that has enabled his country to avoid imminent bankrupcty.

The government says well over 80 percent of private creditors have backed a plan that leaves the path clear for a new international bailout worth 130 billion euros from the EU, ECB and IMF.

It aims to use the law to force unwilling investors to participate.

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