Business News from WN Network
 
Wednesday, 18 January 2012
Greek rescue blocked by hedge fund greed
A group of hedge funds is threatening to block a last-ditch attempt to save Greece from defaulting on its huge debt pile, unless they are guaranteed a significant payout. There will be a final attempt today - when a group representing Greece's private sector bondholders meets senior ministers in Athens - to negotiate a writedown of the value of the country's debt ahead of a crucial bond repayment deadline next month. Sources familiar with the talks, which collapsed at the end of last week, have...
Full Story: Belfast Telegraph
 


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