Greece asks for more time to swap bonds

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2012-04-09

Greece has decided to extend a deadline for remaining holders of Greek government bonds to accept a debt swap.

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It is the second extension on the swap deal which is essential for the Greek bailout.

Those who have refused to sign up for the deal now have until 20th April.

Next week, Greece will exchange 20.27 billion euros worth of bonds in the next stage of the swap.

Greece has said it cannot afford to fully pay those people who are still baulking at the offer.

Source:Southeast Asia News.Net

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