Tuesday’s talks between Greece’s prime minister and the country’s private-sector creditors on a debt write-down plan were “constructive,” a spokesman for the creditors said, adding that consultations between the sides will continue.
Prime Minister Lucas Papademos met late Tuesday with Charles Dallara, managing director of the Institute of International Finance, a Washington banking lobby, who is negotiating a EUR100 billion debt write-down for the country on behalf of private-sector creditors. Joining him was Deutsche Bank AG Chief Executive Josef Ackermann, who also serves as chairman of the IIF, along with Jean Lemierre, a senior adviser to BNP Paribas SA.
The three representatives of the body are expected to leave Athens Wednesday.
“We had constructive discussions. The discussions were both about the PSI and the reforms program that Greece is negotiating,” said IIF’s media adviser Frank Vogl.
(source: Dow Jones)
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