Greece to hold new talks on debt relief deal
Greece’s prime minister will hold new talks with representatives of the country’s private sector creditors on a crucial euro100 billion ($129 billion) debt writedown.
Lucas Papademos will meet late Thursday with Charles Dallara, managing director of the Institute of International Finance, a banking lobby, and Jean Lemierre, senior adviser to the chairman of French bank BNP Paribas.
Greece is hoping to conclude the negotiations by the end of this week, despite disagreements over the terms of the deal.
An IIF statement Wednesday said the goal is to agree on all outstanding legal and technical issues as soon as possible.
The private debt writedown is a vital part of a new bailout for Greece, which has been surviving on international rescue loans since May 2010.