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Sunday, 22 January 2012

Greek debt negotiations fail again

Greek bond holders failed again to agree to increase their "haircut" to more than the 50% losses they had already agreed.  Officials had hoped they would agree before Monday's (23 Jan) meeting of eurozone finance ministers, at which they had hoped "to set in motion the paperwork" for Greece's next bail-out payments.  See The Telegraph's "Greek debt deal hits setback", which I acknowledge.

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