Bankers fret over Greek bail-out detail as market demands help

16 Apr 2010

Greece endured another chaotic week in the capital markets by the end of which it looked likely to postpone plans to visit US debt investors and instead take the final step in triggering eurozone and International Monetary Fund aid.

But syndicate bankers close to the borrower remain concerned about the detail of that package — particularly the speed with which the first tranche of cash will actually be available for drawdown.

Greek spreads had narrowed late on Thursday — almost as fast as they had fallen on Monday ...

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