Participation in Greek debt deal over 75%: AP (by David B. Wilkerson)

CHICAGO (MarketWatch) -- More than 75% of private creditors have agreed to participate in Greece's debt swap deal, the Associated Press reported Thursday, citing an unnamed Greek government official close to the situation. Other published reports indicated the same figure. The plan, a significant element of the latest international bailout of Greece, is intended to cut the country's national debt by €107 billion. Greece would default in two weeks if the deal falls through, the AP said.