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IPFS News Link • Economy - International

Greek debt write-down: The era of risk-free government bonds nears its end

• Washington Post

The big banks have opted in. Some pension and hedge funds have opted out.

Late Thursday in Athens, Greek officials will begin the final tally of a massive debt write-down to see if enough investors have agreed to participate to allow them to declare the program a successful step on the way back to solvency, receive a new round of international loans — and perhaps put the worst of their crisis behind them.