Reuters – 45 minutes ago
- Fitch downgrades on bond swap scheme
- New demonstrations planned against cuts
- Lawmakers to debate launching debt swap
ATHENS, Feb 22 (Reuters) – The Greek parliament, barricaded from protests by workers and pensioners angry over austerity, scrambled on Wednesday to pass laws needed to secure payment of a second international bailout for the debt-laden country.
Credit ratings agency Fitch downgraded Greece further ahead of a planned bond swap under which it will enforce sharp losses on private creditors as part of the bailout programme.