Greek Debt Talks Resume Amid Squabbles Over Mounting Costs
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Talks on a debt swap to lower Greece’s borrowings and avert a collapse of the economy resume today as international policy makers squabble over the mounting cost of the rescue.
Charles Dallara and Jean Lemierre, negotiating on behalf of private creditors, return to Athens after European finance ministers insisted bondholders take bigger losses on their Greek debt. The International Monetary Fund further roiled the discussions by suggesting that public holders of Greek bonds might also have to increase support.