Greece wants another billion or so to buy back all bonds
A link from Reuters
Greek officials said today they wanted an additional €1.29 billion from foreign lenders to buy back all of the €31.9 billion of debt offered in a bond buyback scheme. The plan is to make Greece’s mountainous debt sustainable and unlock aid to avoid bankruptcy. Greece had a maximum budget of €10 billion to buy back the bonds, trading at a huge discount to face value.