Wednesday, March 7, 2012

Key investors sign up for Greek bond swap (AP)

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Greek Prime Minister Lucas Papademos speaks during a media conference at an EU Summit in Brussels on Friday, March 2, 2012. The leaders of 25 European states have signed a new treaty designed to prevent the 17 euro countries from running up huge debts in order to prevent a repeat of the current crisis afflicting the single currency zone. Of the 27 European Union states, only Britain and the Czech Republic decided not to sign the treaty. (AP Photo/Thierry Charlier)AP - A dozen banks, insurers and investment funds holding Greece's bonds will participate in a massive debt relief plan for the country, the group representing the private creditors said Monday as the deadline for the deal draws near.


Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120305/ap_on_bi_ge/eu_europe_financial_crisis

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