Greece Bond Swap Deal Clears Way for Second Bailout
287 views · Published 9 March 2012 · 2:09 · Indexed 20 September 2026
Channel: Voice of America · 2012 · News & Politics
Greece's private lenders have agreed to a bond swap deal that will shave more than $142 billion from the country's public debt. The agreement eliminates the immediate risk of a potentially messy default and paves the way for a second bailout for Greece. The International Monetary Fund calls the deal an important step for Greece and the rest of Europe. But as Mil Arcega reports, the continent's sovereign debt crisis is far from over.
