Greek bond talks edge closer to deal

Article reported that the Greek government appeared on the 18 January 2012 to move closer to a deal with private bondholders that would avert a threatened default by Athens.

The talks had stalled the previous week as the two sides failed to reach agreement on loan write-offs of about 50%.

BBC News, 18.1.12: Greece predicts private debt write-off deal by weekend http://www.bbc.co.uk/news/business-16607577

ESO: Background information: Greek bondholders say time running out / Greek default threat grows as talks falter http://www.europeansources.info/record/greek-bondholders-say-time-running-out-greek-default-threat-grows-as-talks-falter/

IIF: Press Release, 18.1.12; Greek Talks Resume http://www.iif.com/press/press+226.php

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