Tuesday, January 31, 2012

Greek creditors urge quick deal after eurozone knockback

Greece's Finance Minister Venizelos, French counterpart Baroin (C) and Danish Economy Minister Vestager attend the EU finance ministers meeting in BrusselsZURICH/ATHENS (Reuters) - Greece's private creditors pleaded 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 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. ...


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