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The Greek government wants private creditors to take a 75% haircut as part of a proposed bond swap, according to Reuters. The figure is "far harsher" than the sub-55% haircut creditors have in mind. Those who don't accept the bond swap will likely be forced to accept the same terms, due to the fact the bonds are written in Greek law.

The Greek government wants private creditors to take a 75% haircut as part of a proposed bond swap, according to Reuters. The figure is "far harsher" than the sub-55% haircut creditors have in mind. Those who don't accept the bond swap will likely be forced to accept the same terms, due to the fact the bonds are written in Greek law. 2 comments!
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