Greece Lowers Debt
A senior Eurozone official says private holders of Greece's debts have agreed to more losses than expected.
Including a face value of 53.5 percent on their bonds.
The investors, mostly banks and investment funds, have agreed to swap their bonds for ones with longer maturities and lower interest rates.
The Prime Minister of Lexembourg says the interest rates would start at 2 percent and rise to 4.3 percent.
The deal that was agreed today is a critical part of lowereing Greece's debt, so it can eventually be paid off.
- Greece, Gold Mine Protest
- Gas Prices Lower
- Massive Mexican Meth Bust
- The Pope's Final Speech
- Two Years Since Deadly Earthquake and Tsunami Hit Japan
- Store Owners Attack Robbers With Bear Spray
- Acclaimed Film Director Tony Scott Commits Suicide
- Senate Confirms Brennan as CIA Director
- Sibling Tourists Happy to be Home After Being Shipwrecked
- Protesters Use Violence in Athens