Europe's Debt Crisis Greece bond exchange the largest debt restructuring in history

Big banks and private investors attempt to fend off even greater losses by agreeing to commit $227 billion of their holdings of Greek bonds to a debt restructuring deal.
Von Anthee Carassava
Greece is hoping the debt restructuring deal will offer assurances to the world that a Greek default can be stalled

Greece is hoping the debt restructuring deal will offer assurances to the world that a Greek default can be stalled

Foto: REUTERS
© Los Angeles Times 2012