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February 23, 2012

Greece bailout: MPs approve debt swap deal

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The Greek parliament has passed a law that allows a debt write-down with private creditors, which is a key plank of its EU/IMF bailout agreement. Banks and other private creditors will be asked to take a 53.5% loss on their bonds, wiping out 107bn euros (£90bn;$ 142bn) of Greek debt. Now... FF News: Fundamental

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