NEWS and REPORTS => World News => Topic started by: NewsCaster on Mar 09, 2012, 05:00 PM
Title: Greece averts immediate default with bond deal
Post by: NewsCaster on Mar 09, 2012, 05:00 PM
Greece averted the immediate risk of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new international bailout.