Greek Debt Swap Plan Gets Cool Eurozone Reception

A Greek proposal to swap government debt for bonds with interest payments linked to economic growth got a skeptical reception from eurozone officials on Tuesday. Greece's new finance minister, Yanis Varoufakis, on Monday floated the idea that Greek bonds held by the European Central Bank and part of the debt owed to eurozone governments -- 53 billion euros of bilateral loans -- could be swapped for either growth-linked, or perpetual bonds. It was unclear if the idea entailed...

© La Voix de l'Amérique - mardi 3 février 2015