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Euro zone finance ministers to assess Greek deal shortly
BERLIN : Euro zone finance ministers will discuss the results of Greece 's debt swap deal at a teleconference at around
BERLIN: Euro zone finance ministers will discuss the results of Greece's debt swap deal at a teleconference at around 1130 GMT on Friday and will then decide at a meeting next week on unlocking a second bailout for the country, a German government spokesman said.
Greece won strong acceptance from its private creditors on Thursday for the bond swap deal, which is a crucial requirement for the 130-billion-euro bailout.
"The high take-up rate among private creditors opens the way to the largest debt restructuring of a country in history," German government spokesman Steffen Seibert told a news briefing, adding that Chancellor Angelea Merkel saw the result as "encouraging".
Copyright Reuters, 2012
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