Greeks to brief eurozone on tentative debt deal - WAOW - Newsline 9, Wausau News, Weather, Sports

Greeks to brief eurozone on tentative debt deal

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BRUSSELS (AP) -- A spokesman for Greece's private creditors says Greek Premier Lucas Papademos will soon tell eurozone finance ministers the contents of a deal to reduce the country's massive debt.

Frank Vogl said representatives of the Institute of International Finance, which has been leading the talks for private bondholders, had a "constructive meeting" with Papademos and Finace Minister Evangelos Venizelos on Tuesday night.

The fact that the Greek government will now brief the rest of the 17-nation eurozone on the deal is a sign that they believe it is now almost done. The deal aims to reduce Greece's debt by some euro100 billion ($131 billion) and is key for Greece to secure a second bailout and avoid bankruptcy.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

APNP-02-07-12 1441CST

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