Dutch bank ABN refuses to forgive Greek rail debt
The Associated PressAMSTERDAM (AP) — ABN Amro, the Dutch bank, has refused to restructure €1.3 billion ($1.7 billion) in debts it is owed by Greece's Hellenic Railway Organization and Athens' metro, a spokesman for the bank said Wednesday.
Spokesman Arien Bikker said the debts, a mix of private corporate bonds and bank loans, were part of Greek's government bond restructuring program announced Feb. 24, but the company was caught off guard that these debts were included — they were issued by the transportation companies, with government guarantees.
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