Efforts to secure a deal on private sector involvement in a debt swap and reduction for Greece will take centre stage this week as one of the last pieces of the complicated jigsaw puzzle to nail down a second bailout for the debt-ridden country.
Greece is aiming to have 90 percent participation of the private sector which includes banks, insurers and pension funds. The deal on accepting a 53.5% nominal haircut is supposed to be voluntary as forced participation would trigger a 'default'...
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