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Greek Debt Swap Negotiations Face ‘Critical’ Phase This Week

The Greek government and its creditors return to the negotiating table this week to revive stalled talks on a debt swap as German Chancellor Angela Merkel places pressure on both sides to forge a deal.

Greek Finance Minister Evangelos Venizelos said two days ago that talks with the Institute of International Finance will resume on Jan. 18. The Washington-based IIF, which represents banks holding the bonds, said on Jan. 14 there is a “tentative plan” to return to Athens mid-week, “but this depends on developments over the next few days.”