Bloomberg News

Greek Debt Swap Seen Completed by Middle of December, ANA Report

October 06, 2011

Oct. 6 (Bloomberg) -- Greece’s voluntary debt swap, part of a second financing package for the country, will be completed by mid-December, state-run Athens News Agency reported, without saying how it got the information.

Finance Minister Evangelos Venizelos told a meeting of ruling party lawmakers that the debt-swap procedures and the implementation of the July 21 financing agreement were effectively frozen until a German proposal for bigger losses for bondholders is discussed, according to the newswire.

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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