(SOUNDBITE OF MUSIC)
DAVID GREENE, HOST:
NPR business news starts with a Greek buyback.
The government in Greece says it will buy back nearly 32 billion euros of its bonds - essentially that means the country would be erasing nearly $40 billion worth of debt. The country's private-sector creditor agreed to sell off the bonds, though at sharply discounted rate. For Greece, getting rid of this chunk of debt should allow the country to get more money from the International Monetary Fund.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.