Greece launched Monday its bid to buy back privately held debt at a big discount, freeing eurozone finance ministers to nod through 39.5 billion euros ($51.3 billion) to recapitalise Spain's banks next week.
Piles of garbage outside a bank branch in Thessaloniki. Greece launched an operation to buy back privately-held debt at a big discount, with eurozone finance ministers in Brussels studying the terms on offer alongside plans to bail out Cyprus too.
Eurogroup chairman Jean-Claude Juncker also announced he would step down come year-end, although his successor remains far from clear, with France long resisting moves to hand the post to German Finance Minister Wolfgang Schaeuble.
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