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Deal near to lower Greek debt

Euro zone countries appear to have agreed on some measures to lower Greece's debt burden. ||| Euro zone countries appear to have agreed on some measures to lower Greece's debt burden, but are still discussing the size of losses private bondholders will be asked to take, a Greek finance ministry official said on Monday. “There appears to be an agreement on lowering the interest rate of the initial (EU/IMF) loans to Greece as well as on the participation of Greek bonds held in the investment portfolios of (euro zone) national central banks in the debt swap plan,” the official said on condition of anonymity.
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