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Greek parliament backs debt swap law

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23-02-2012 | 10:52

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Greek parliament backs debt swap law

Greek parliament passed on Thursday legislation to launch a debt swap for private bondholders which is at the core of the 130- billion-euro bailout agreed with euro zone partners this week.

Under a common procedure of Greek parliament, acting parliament speaker Anastasios Kourakis said the law passed automatically without a vote because the incumbent government has a majority and no request for a named vote had been made.

Reuters

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