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Mar 12, 2012 06:20
Category: General News

Next Step In Greek Bailout Today

    
     ATHENS, Greece (AP) - The big bond swap in Greece is today.
Greece will exchange its privately held bonds issued under Greek
law with new ones worth less than half their original value. The
biggest debt writedown in history is part of a rescue that includes
a second Eurozone bailout of $172 billion.