// IP Marketing video - START// IP Marketing video - END

Greece agrees to launch debt swap for private creditors March 8

PanARMENIAN.Net - Greece's cabinet agreed on Saturday, Feb 18, to launch a debt swap for private creditors on March 8 with the aim of completing it by March 11, Reuters quoted a government official as saying.

The swap is to accompany a $130 billion rescue package that Athens hopes to agree with its euro zone partners on Monday and will mean that creditors take a 70 percent cut in the real value of their holdings.

 Top stories
Cryptocurrency fever seems to have spread to the former Soviet republics with Armenia, the land of Mount Ararat, being one of them.
Armenia’s exports grew 25% in 2017 against 2016 to amount $2,242 billion overall, the National Statistical Service reveals.
Fitch Ratings affirmed the sovereign's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+'.
Armenia's economy is expected to expand by 5.8% in 2017 and grow further by 3.8% and 3.6% in the following two years, the UN said.
Partner news