Talks between Greece’s official creditors and international banks on a new private sector debt deal for the country are expected to be held in Paris Thursday, a local newspaper reports, following a first round of negotiations earlier this week in Rome.
According to the Kathimerini newspaper Thursday, the talks will focus on proposals that foresee banks taking a roughly 40% loss on their holdings of Greek government bonds.
The talks Thursday will include representatives from the International Monetary Fund, the European Commission, and the European Central Bank–known as the troika–who are jointly responsible for overseeing Greece’s reform program. The meeting will be held at the headquarters of French bank BNP Paribas SA, the newspaper said without citing sources.
(source: Dow Jones)
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