Business Bites: Is Greece out of the woods?

Greece has agreed the biggest sovereign debt restructuring in history.

Holders of more than 85% of its debts have agreed to a bond swap which could effectively halve Greece's 200bn euros (£167bn; $263bn) debt burden.

It clears the way for international lenders to release 130bn euros (£110bn; $173bn) of new bailout money.

But some experts argue that austerity measures will not stimulate growth and say Greece is not out of the woods yet.

Meanwhile, China's inflation rate dropped to 3.2% from 4.4% in January, prompting fears of a slowdown in the country's economy.

The BBC's Aaron Heslehurst discusses the key financial stories of the day.

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