No Deal Yet on Greek Debt-Swap

Greece’s private creditors say time is running short.

Greece’s private creditors said time for a debt-swap deal is running out after talks between financial and government representatives in Athens failed to yield an agreement to cut the country’s borrowing load.

“A range of issues were discussed and some key areas remain unresolved,” the Institute of International Finance, which represents banks that hold Greek debt, said in an e-mailed statement today. “Discussions will continue in Athens tomorrow, but time for reaching an agreement is running short.”

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