ZURICH/ATHENS (Reuters) - Greece's private creditors pleaded on Tuesday with European officials who rejected their bond swap offer to hammer together a deal before Athens tumbles into a chaotic default. Athens' hopes for a swift deal with lenders were evaporating after euro zone ministers on Monday rejected creditors' demand for a 4 percent coupon, or interest rate, on new, longer-dated bonds in exchange for existing debt. The country is desperate for a deal to ensure funds from a 130 billion euro rescue plan drawn up by European partners and the International Monetary Fund arrive before 14. ...
Monday, January 30, 2012
Greek creditors urge quick deal after eurozone rejection
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