IIF

Deutsche Bank AG Chief Executive Officer Josef Ackermann said he’s confident a voluntary swap for Greek debt can be reached and that he may travel to Athens this weekend for the talks. Private creditors are facing a loss in net...

Marathon negotiations between Greece and private creditors on a debt swap deal appeared to be in their final phase on Saturday, with Greek Finance Minister Evangelos Venizelos saying both sides were one step away from reaching an agreement. Prime Minister...

Time is running out to finalize a prescribed agreement that sees private creditors taking a 50% loss on their Greek sovereign debt holdings to help ease the ailing country's fiscal burden, the bondholders' chief representative said Tuesday. Charles Dallara, managing...

Greece's private creditors are working closely with Athens on a debt swap deal, their chief negotiator said on Sunday, adding that he was confident a deal could be reached. "We are at a crossroads and I remain quite hopeful," International...

ATHENS – As German Foreign Minister Guido Westerwelle arrived in Greece on Jan. 15 for talks with political leaders of the debt-crushed and cash-starved country, with a message of support from European officials, German Chancellor Angela Merkel said Greece...

The Institute of International Finance said Tuesday that progress has been made in recent days on a voluntary exchange of Greek debt, CNBC's Michelle Caruso-Cabrera reported. The IIF also said it is essential that an agreement be reached in "the...

ATHENS – Only a day after Greek officials said they were optimistic about reaching an agreement with banks and investors to write down as much as 50 percent of the country’s debt, reports said many are balking at the...

ATHENS - Interim Prime Minster Lucas Papademos, as expected, easily won a vote of confidence from the Parliament his fractious coalition government controls for the next few months. Papademos, who oversees a shaky deal between the PASOK Socialists and...

As inspectors for international lenders returned to Athens to determine whether to release an $11 billion loan installment needed to keep the country from going bust, International Monetary Fund chief Christine Lagarde said investors are weary of helping Greece. “If the Greeks do not want our advice[...]