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Investor anxiety is high a day ahead of a Thursday evening deadline for Greece’s private creditors to accept a debt swap deal that will allow the country to write off $130 billion in debt. While European investors hold out hope for a positive outcome, Asian markets remain under pressure.
The Institute of International Finance, which includes dozens of banks, insurers, asset managers, hedge funds and other major investors in Greek bonds, has indicated that it will accept a debt swapping deal with Athens.
Two days after the European Central Bank injected about $713 billion into the euro zone’s banking system, the thrill is fading in most European markets, but Asian sentiment is back on the rise.
