Greek bonds value drops

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Sellers of credit-default swaps on Greece may have to pay around 75 per cent on the euro to settle contracts triggered by the nation's debt restructuring.

Greek credit-default swaps are being settled after investors were forced to exchange their bonds at a loss in the biggest ever debt restructuring in which investors were forced to write off more than 100 billion euros of debt.
http://www.euronews.net/

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