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Greek bondholders pressed on deal

New York Times

  January 24, 2012

European leaders ratcheted up the pressure Monday on Greek bondholders to take voluntary losses to ease the region’s debt crisis as the International Monetary Fund turned the focus on governments, urging them to complete action on a new bailout fund. Angela Merkel, the German chancellor, said in Berlin it was “high time to work on the new Greece program’’ after talks between bondholders and authorities in Athens bogged down over the weekend.

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