Greece to seek holiday, not haircut in debt talks

March 10, 2016 1:15 PM

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ATHENS, Greece – Greek Prime Minister Alexis Tsipras says he will seek a break in bailout debt payments as part of negotiations with creditors expected in the spring.

Tsipras on Thursday said the debt relief deal would likely involve "a significant extension of repayments" and "grace periods" that would allow Greece to emerge from years of recession and near-zero growth.

Also read: Greece eyes initial deal with lenders this week, final deal by end year- govt spox

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