''Greek debt swap could be short-lived reprieve''

From Reuters


"The private sector debt swap lopped about 100 billion euros off Greece's gargantuan debts but still leaves Athens as the euro zone's most indebted country and does not preclude a messier default or even a euro exit further down the line.

Greece's euro zone partners, exasperated by many broken promises, could be tempted to pull the aid plug if the winner of elections penciled in for late April or early May fails to reverse a poor track record on delivering reform."

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