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PSI

Olli Rehn Confident Greek PSI Talks Will End Shortly

Greece's talks with private-sector creditors on a deal to restructure its debt are progressing well and hopefully will be wrapped up this week, European Economic and Monetary Affairs Commissioner Olli Rehn said on Monday. "The talks have been moving well...

Dallara Remains Hopeful on Greek Debt Deal

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...

Greek Debt Talks with Bondholders Break Down Unexpectedly

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...

Debt Swap Talks Drag into Weekend

Greece and its creditors are continuing negotiations on a debt swap deal on Saturday, after late-night talks edged them closer to a vital deal but failed to clinch an agreement. Athens is anxious to strike a deal before a meeting...

IIF Made New Proposal On Restructured Greek Debt Coupon Rate

The Institute for International Finance has made a new proposal in its negotiations with Greece that calls for a gradual increase of the coupon rate on new Greek bonds, in a sign that the two sides may be nearing...

PASOK Loses Support as Papandreou Clings to Power

ATHENS – As former Prime Minister George Papandreou’s PASOK Socialists have fallen to new lows in surveys that show the party is in danger of being overtaken by the Democratic Left and even the Communists, he said he will...

Talks to Restructure Greek Debt Suspended by Bondholders

Talks to restructure privately-held Greek debt didn΄t reach a conclusion on Friday and are now suspended, as the chief negotiators representing the private-sector bondholders said. According to Dow Jones, a statement by Charles Dallara of the Institute of International Finance and...

IIF Says Key Issues Unresolved on Greek Debt Swap

Important aspects of the Greek debt-restructuring negotiations remain unresolved, and it is crucial that they are settled as soon as possible, said representatives of the private-sector creditors participating in the talks Thursday. According to Dow Jones, Dallara and Lemierre, who...

Implementation Of Greek PSI Was A "Disaster"

The process of private sector involvement in reducing Greece's debt burden was a "disaster", the head of global sovereign ratings at Fitch said Thursday, warning that if talks on the cut creditors will take on their debt holding fail...

Venizelos Says Debt Talks At 'Very Good Point'

Finance Minister Evangelos Venizelos said on Wednesday that talks with private-sector creditors on the country's debt-write-down plan have advanced and are "at a very good point." "We are ready for the next meeting, maybe tomorrow morning, with our friend, Charles...