After EU leaders had confirmed a debt-swap deal between Greece and private sector bondholders in last week's summit, Greece is set to know how many investors will agree to writedown by a deadline of March 8, where the Greek government expects 75% participation of private creditors.

It is worthwhile to mention that the deal includes forgiving 53.5% of bonds by investors to be exchanged with new ones from the Greek government and the EFSF, in a plan that aims to cut Greece's debt to 120.5% of GDP by the year 2020.