Bondholders negotiating a debt swap with Greece have made their“maximum” offer, leaving it to the European Union and InternationalMonetary Fund to decide whether to accept the deal, the negotiatorfor private creditors said.
Charles Dallara, managing director of the Washington-basedInstitute of International Finance, said he's hopeful the EU andIMF will agree to terms for private investor involvement in arescue of Greece to avert a default and collapse of the economy.Negotiations were unresolved as EU finance ministers prepared tomeet in Brussels today.
“The elements now are in place for an historical voluntary PSIdeal,” Dallara told Athens-based Antenna TV yesterday. “It's aquestion now, really, of the broader reaction of the Europeanofficial sector and, of course, of the IMF to this proposal.”
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
