Economy/Business News Alert: Greece secures high participation in bond swap, staves off default, AP reports

	Friday, March 9, 2012 1:49:28 AM ECONOMY/BUSINESS NEWS ALERT Greece secures high participation in bond swap, staves off default, AP reports Greece has secured a high enough participation in its critical bond swap offer to drastically reduce its debt, staving off an imminent default and paving the way for the release of funds from international rescue loans, the Associated Press reported Friday. Greece said that 85.8 percent of private investors holding its Greek-law bonds had signed up to the deal, and that it aimed to use legislation forcing holdouts to participate. Read more at: http://www.washingtonpost.com/world/europe/greece-secures-high-participation-in-critical-bond-swap-staves-off-default/2012/03/09/gIQA0YPY0R_story.html Or visit PostBusiness.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071  ©2011 The Washington Post Privacy Policy