What is the name and the position of the man who is urging this debt swap?

For what purpose overall is this deal necessary? Why does Greece, specifically, need this deal?

What percentage of bondholders does Greece need to give up their money for this deal to go ahead?

On Wednesday, what percentage of bondholders had agreed to go ahead with this deal?

Who are the major players who have said they will accept the deal? And who has said they will NOT accept the deal?

What will happen if they are not able to approve the debt swap?

When was the first time that Athens, Greece received a similar bail-out?

Now that you’ve answered the questions, use them to compile a summary. Remember, you want to hit on the main ideas, explaining who (or what) did what when and where, as well as (if possible) why they did it. After that, explain what’s happened as a result and what might happen in the future.

Vocabulary: define the following words using context clues. Explain how you arrived at the definition from the surrounding information.

stability

bailout

bonds

debt

outstanding