By editor
Originally published on Fri March 9, 2012 4:00 pm
Transcript
RENEE MONTAGNE, HOST:
Private creditors holding Greek bonds have until the end of today to participate in the largest sovereign debt restructuring in history. This means creditors must exchange the Greek government bonds they now hold for new ones that are worth far less. Some creditors are balking, since it means up to a 70 percent loss on their returns.
Read more