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Most German banks will accept the Greek bond swap deal, according to sources. In total the...

Mar. 05, 2012 7:47 AM ETGREKBy: Stephen Alpher, SA News Editor
Most German banks will accept the Greek bond swap deal, according to sources. In total the lenders have about €15B face value of Greek paper, but much of that has been written down by 75% already. FMS - the bad bank set up to hold toxic assets of failed Hypo Bank - is the largest creditor, holding €8B of Greek debt.

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