Extended Greek bond buyback is estimated a success

12/11/2012 | Reuters · Xinhuanet.com (China)

Greece appeared Tuesday to have come close to fulfilling its bond-buyback plan after falling a bit short as of Friday's original deadline. "Greek banks have contributed almost all of the bonds they had left," a senior bank executive said minutes after the Tuesday deadline passed, estimating offers for as much as €31.5 billion. Meanwhile, in another troubled periphery country, Spain's economy minister estimated his country's economy will end the year with a contraction of 1.3% to 1.4%.

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Reuters · Xinhuanet.com (China)

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