The damage to the rest of Europe from Greece leaving the euro would be “somewhere between catastrophic and Armageddon,” the chief negotiator for the body representing private sector holders of Greek bonds said on Wednesday. Charles Dallara, who as head of the International Institute of Finance (IIF) spent months in Athens negotiating the largest ever [...]
Tag Archives | Charles Dallara
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 eventually return to bond markets. “The very strong and positive result provides a major opportunity now [...]
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 in our discussions with investors that momentum is building,” Charles Dallara, managing director of the [...]
IIF: Talks With Greek PM On Debt Deal ‘Constructive’
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 [...]
“One Step” Away from Debt Swap Deal
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 Lucas Papademos and Venizelos wrapped up a three-hour meeting Saturday with Charles Dallara, the head [...]
Charles Dallara: Time Running Out For Greek Debt Deal
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 director of the Institute of International Finance, told reporters at a press conference in Zurich [...]
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 Institute of Finance chief Charles Dallara told Antenna TV on Sunday. Greece and its private [...]
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 450 financial institutions, left suddenly for Paris on Saturday afternoon, a Finance Ministry official told. [...]
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 on Monday of euro zone finance ministers, just in time to set in motion the [...]
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 a deal on a debt writedown. The IIF, which represents the private creditors in their talks [...]
Papademos to Meet With Party Leaders Today
Prime Minister Lucas Papademos will hold a joint meeting on Thursday with the leaders of the three parties (New Democracy, PASOK, LAOS) supporting his government, soon after the conclusion of his one-on-one meeting with ND leader Antonis Samaras. On Wednesday, the premier held separate meetings with the other two party heads, PASOK leader George Papandreou [...]
Greek Debt Deal Seen By End Of Week
Greece may reach an agreement with private sector creditors on a debt writedown plan by the end of the week, a Greek Finance Ministry official said Wednesday. “All indications are that we might have an agreement by the end of this week,” said the official. Talks between Greek government officials and private sector creditors on [...]
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05 / 23 A Crisis of Democracy: Greece
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05 / 23 Fearing Eurozone Exit, More Greeks Stop Paying Taxes
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05 / 23 Market Watch: ‘If Greece Exits Eurozone, Replace It With Turkey’
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05 / 23 Pilot Program Allows Immediate Visa for Turkish Tourists on Arrival to Greek Islands
Calendar – Exhibits, Concerts, Fun
- Thessaloniki: 50 Year Anniversary Commemorated of Seferis Literature Nobel Prize May 23, 2012
- ‘Doctors of the World’ International Conference to be Held in Greece May 22, 2012
- Crete is a Mediterranean ‘Treasure’ of Aromatic Plants and Herbs May 22, 2012
- Crete to Export Products to Australia May 21, 2012
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