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Varoufakis outlines contours of debt deal as haircut set aside
The outlines of what the new Greek government is aiming to ask of its eurozone partners in terms of debt relief emerged on Monday evening, when Finance Minister Yanis Varoufakis spoke to the Financial Times after meeting with British Chancellor George Osborne and investors in London.
Varoufakis indicated that Athens is prepared to abandon its pre-election pledge that it would demand a substantial haircut in exchange for a “menus of debt swaps.”
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