Greece extends debt buyback to Tuesday | Bangkok Post: news

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Greece extends debt buyback to Tuesday

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Greece announced it had extended until Tuesday a debt buyback offer on which IMF-EU bailout funds to avert impending bankruptcy depend, and Greek media reported a shortfall in acceptances. 

Street vendors sell clothes and other items outside closed down stores in central Athens on December 7. Greece announced it had extended until Tuesday a debt buyback offer, the success of which is key for it to receive bailout funding from the EU and IMF without which it could soon go bankrupt.

"We have decided to extend the invitation to offer designated securities for exchange to 11 December 2012," the head of Greece's PDMA debt management agency, Stelios Papadopoulos, said in a statement on Monday.

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