IIF
Greece
Schaeuble Sends Warning on Greek Elections
On the eve of the Greek elections, German Finance Minister Wolfgang Schaeuble sent a warning to Greece that it will have to "bear the consequences" if it fails to elect a government that does not respect commitments made by...
Economy
IIF: Bond Swap Marks Important Step To Resolving Greek Crisis
The Institute of International Finance, a lobby group for the world's largest banks, welcomed the results of the Greek debt swap on Friday, saying it will help stabilize the euro-zone economy and allow Greece time to implement reforms and...
Economy
Greece Down to the Wire With Debt Write-Down Deal
ATHENS – Greece will know by the end of March 8 if enough private investors have agreed to accept losses of 74 percent as part of a so-called Private Sector Involvement (PSI) deal designed to wipe out $13I) deal...
Economy
IIF: Greek Euro Exit Could Cost €1tn
Most of the main financial-media outlets are commenting today on an internal document from the Institute for International Finance (IIF) which warns of the potentially large risks that could arise from a debt default by Greece.
The document, which was...
Economy
Venizelos Warns PSI Holdouts: We Won't Pay
ATHENS – Greek Finance Minister Evangelos Venizelos, drawing a line in the sand, has told private investors in Greek bonds who don’t want to take losses as part of ongoing Private Sector Involvement (PSI) negotiation that they will be...
Economy
IIF's Dallara Says Confident Greek Debt Swap Will Be Completed
The chief negotiator for the body representing private sector holders of Greek bonds expressed confidence on Saturday that a bond swap deal which is a key part of Greece's bailout program would be completed successfully next week.
"We can sense...
Economy
Greece Moves to Make Investors Take Big Losses
ATHENS – Saved again by international lenders who agreed to a second bailout package, Greece has now told private investors it will pay most of them back only about 25 percent of what they are owed. Greece on Friday launched...
Economy
IIF Recommends Members Carefully Consider New Deal
The body representing Greece΄s private-sector creditors said Tuesday it recommends they "carefully consider" a new deal forcing them to accept a bigger loss on their holdings of Greek bonds, according to Dow Jones.
The International Institute of Finance said it...
Economy
Papademos Tells Greeks: Austerity or Chaos
ATHENS – With Greece on the brink of default unless it approves new austerity measures that could deepen a recession now in its fifth year, interim Prime Minister Lucas Papademos told lawmakers, including a growing number of rebels who...
Economy
Greece Debt Reduction Deal Nears, but Second Needed
ATHENS – Just as Greece is seeking a second bailout to keep its economy from failing and defaulting on its loans under the weight of a staggering $460 billion debt - $41,818 for every man, woman and child in...