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Banks Say Debt Swap Time Is Running Out In Greece, Key Issues Unresolved

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Just out via Bloomberg...

Banks -- well, technically the institution for international finance, which represents them in negotiations -- say time is running out to resolve plans to writedown and restructure Greek debt.

Key issues, they say, remain unresolved.

This has kind of been known for awhile, that the agreement made last October was not coming along smoothly, but now they issues are being made public.

Greece will ikely default in March without a solution on this front, so time is of the essence.

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