Greece and its private creditors broke off negotiations on a debt swap deal in Athens on Saturday without finalizing an agreement, government sources said.
The top official for the Institute of International Finance (IIF), Charles Dallara, whose organization represents some 450 financial institutions, left suddenly for Paris on Saturday afternoon, a Finance Ministry official told.
Greek television reports said negotiations on a debt swap deal would most likely continue by telephone from the French capital if necessary.
Greek government said the talks – which had been expected to continue today – have now been suspended. A spokesman for Papademos said no new date for the talks has been set.
IIF says Greek swap talks go on, chief’s departure scheduled
The Institute of International Finance said on Saturday that talks on a Greek debt swap deal were continuing and its chief’s departure from Athens was scheduled and not unexpected.
“Talks are continuing,” the IIF said in a statement. “A team of experts representing the Steering Committee remains in Athens and will be working with government officials on many aspects of the PSI.”
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