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 [...]
Tag Archives | Josef Ackermann
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 [...]
Ackermann May Travel to Athens This Weekend for Greek Talks
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 present value of more than 70 percent and the focus is now on other parties [...]
Josef Ackermann Says Greek Default Would Be ‘Playing With Fire’
The economic and political consequences of Greece defaulting instead of reaching a voluntary debt-restructuring deal are being underestimated, Deutsche Bank AG (DBK) Chief Executive Officer Josef Ackermann said. “Default risk is much higher than what people normally take into account,” Ackermann said today in an interview at the World Economic Forum in Davos, Switzerland. “You [...]
Deutsche Bank CEO Says Greece Must Not Exit the Eurozone
Deutsche Bank CEO Josef Ackermann said on Sunday, November 6, that a Greek exit from the Eurozone should not even be considered as a possible future scenario if European leaders wish to prevent contagion of the Greek debt crisis to other vulnerable European countries. “We should not even begin to think about a Greek exit,” [...]
Deutsche Bank Boss in Talks over Greek debt: Report
The head of Germany’s biggest bank, Deutsche Bank, is conducting talks over a 50-percent write-down of Greek debt in his capacity as chairman of the global banking lobby, a newspaper reported Sunday. Citing both government and banking sources, the mass circulation Bild said that Josef Ackermann was participating in negotiations on a voluntary “haircut” on [...]
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Calendar – Exhibits, Concerts, Fun
- AHEPA Day Celebration Hosted In Athens May 20, 2013
- Greek Gastronomy Days At Benaki Museum May 20, 2013
- Open Call for Greek Designers May 19, 2013
- Greece Celebrates International Museum Day on May 18 May 18, 2013
