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

Published March 9, 2012 Updated March 9, 2012 11:32am

1 min

By Shoaib Ur Rehman

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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".

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