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Greece Reveals Results of Debt Buyback Program

Surprisingly, it didn't get as much back as hoped

Reason Staff | 12.12.2012 7:48 AM


Greece has managed to buy back some of its debt, but did not succeed in reducing its total debt by as much as its backers had hoped.

Holders of Greek debt agreed to sell 31.9bn euros of bonds back to the country at 33.8% of their face value, Greece's debt management agency said.

Reason Staff
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