Greece extends deadline for bond buyback.

Greece has extended its offer to buy back debt from private creditors to midday tomorrow from Friday as it reportedly looks to get bondholders to tender another €3-4B. This is despite speculation that creditors had already offered €26-30B worth of debt, or almost half the amount that Greece owes to the private sector. The government is spending up to €10B on the plan, so its debt burden would fall €20B.