Greece "close" to achieving vital bond swap deal

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Officials in Greece said on Thursday they were hopeful of securing agreement from more than 75 per cent of private creditors for a bond exchange
that is needed for it to get 130 billion euros in bailout funds.

The EU and IMF cash is conditional on a majority of big banks and other private investors agreeing to the proposals and is vital to prevent Greece defaulting on its debts.

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http://www.euronews.net/

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