ATHENS (Reuters) - Greece averted on Friday the immediate risk of an uncontrolled default, winning strong acceptance from its private creditors for a bond swap deal which will ease its massive public debt and clear the way for a new international bailout. The finance ministry said creditors had tendered 85.8 percent of the 177 billion euros in bonds regulated under Greek law. That rate would reach 95.7 percent of all Greek debt with the use of "collective action clauses" to enforce the deal on creditors who refused to take part voluntarily. ...
Source: http://news.yahoo.com/strong-greece-bond-swap-offer-000752975.html
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