The Greek government's deadline for the biggest sovereignrestructuring in history approached with a majority of investorssignaling their readiness to participate in the debt swap.
The euro and stocks gained before the offer's close at 10 p.m.in Athens today as Greek Prime Minister Lucas Papademos told hisCabinet ministers that Greece had made “an appropriate frameworkwith significant incentives” for bondholders.
“For this reason I look forward to the maximum possibleparticipation of the private sector,” Papademos said, according toan e-mailed transcript of his comments. Finance Minister EvangelosVenizelos told Parliament that “a historic process will becompleted tonight,” and the results announced tomorrow.
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