Banks Say Debt Swap Time Is Running Out In Greece, Key Issues Unresolved

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Banks — well, technically the institution for international finance, which represents them in negotiations — say time is running out to resolve plans to writedown and restructure Greek debt.

Key issues, they say, remain unresolved.

This has kind of been known for a while, that the agreement made last October was not coming along smoothly, but now they issues are being made public.

Greece will likely default in March without a solution on this front, so time is of the essence.

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