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Greece signs accords on debt swap, bailout

Source : REUTERS
Last Updated: Thu, Mar 01, 2012 18:10 hrs
Greece's Finance Minister Venizelos attends a Eurogroup meeting ahead of a two-day EU leaders summit in Brussels

ATHENS (Reuters) - Greek Finance Minister Evangelos Venizelos signed agreements on a planned debt swap and other issues related to the planned 130 billion bailout package, a ministry statement said on Thursday following a meeting of euro zone finance ministers in Brussels.

The accords were signed after the Greek parliament approved a series of measures demanded by international lenders in return for the bailout, which is expected to receive final approval on March 9, subject to agreement by private sector creditors.

In a statement, the Greek finance ministry said signing the five agreements as well as a memorandum of understanding on the bailout "sends a message to the private sector, the markets and the international community that the official sector supports Greece in every aspect".

(Reporting Renee Maltezou; writing by James Mackenzie)




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