Greece: Eurozone won't add cash if bond talks fail
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Eurozone countries won't increase their financial support to Greece if it fails to secure a bond-swap deal with private creditors, the country's foreign minister warned Thursday, saying that would renew the threat of a Greek default.
Foreign Minister Evangelos Venizelos's remarks came hours before he held a second day of talks with banking negotiators to reach a deal, known as the Private Sector Involvement, aimed a slashing the country's national debt by (EURO)100 billion ($130 billion). (AP)
