Greece debt bondholders default 2012 01 13

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Greece and lenders fail to break impasse over cuts in bond value

Greece debt bondholders default 2012 01 13

The Greek government and its creditors agreed in October to implement a 50 percent cut in the value of Greek debt, but two months on the sides have yet to reach agreement on the coupon and maturity of fresh replacement bonds.

LOUISA GOULIAMAKI

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