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deTraci Regula

Greece Bailout Looks Assured as Debt Swap Finalizes -

By March 9, 2012

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Euros It looks like Greece has pulled it off - persuading enough debtors to participate in a key debt swap which lifts the final barrier to receive bailout funds. And it is qualifying as a "credit event" for those who were looking for payouts. World markets seem to be responding favorably, but the Euro seems to be taking a hit.

BBC: Greece to go ahead with crucial debt swap
CNN: Creditors Agree to Greek Bond Swap
Bloomberg: Greek Debt Swap at 95% After Bondholders Forced to Join

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