Serenity Forum Index -> Member Discussion

View previous topic :: View next topic

Banks urge full sign-up to Greek debt deal

Author	Message
nirvanatgr Super Pirate Joined: 11 May 2011 Posts: 1617	Posted: Tue Apr 10, 2012 10:14 pm    Post subject: Banks urge full sign-up to Greek debt deal   The global banking group that negotiated Greece's massive debt writedown called on holdout creditors to sign on to the deal Tuesday, saying it would help Athens restore its financial viability. Riot policemen stand guard in front of the Greek parliament during a protest near Athen's Syntagma square on April 5. The Institute of International Finance, which negotiated the pact for private investors to write off more than half of 206 billion euros ($270 billion) in Greek debt they hold, said 96 percent of creditors had agreed to participate. That participation "reflects the view of many investors that the terms and conditions of the exchange represent a much better outcome than the possible alternatives, given the unique circumstances that Greece faces," IIF chief Charles Dallara and his fellow negotiator, Jean Lemierre of BNP Paribas, said in a statement. However, they added, "Full participation in the exchange by all private holders would greatly assist Greece in focusing on implementing the necessary reforms." "This would help rebuild confidence and stability in financial markets, to the benefit of all, and facilitate the process of restoring Greece's creditworthiness." Greece's finance ministry revealed on April 2 that 11 financial institutions, holding about 6.4 billion euros in Greek debt, had declined to take part in the write-off, which involves swapping old bonds for new ones, and that other debt holders had yet to decide. The ministry has postponed the deadline for joining the debt deal until April 20Travel to Vietnam | Ebook | du lich lao | visit vietnam | Tour Du Lich 30 - 4 va 1 - 5 | how to solve rubik | How To Weight Loss | how to tie a tie | dac san hue | tourism vietnam | cute girl cute girl [IMG]http://www.freelancer.com/img/affiliates/freelancer-banner-468x60-2.gif[/IMG]
Back to top
Free Forum	Posted:      Post subject: ForumsLand.com
Back to top
Display posts from previous: All Posts1 Day7 Days2 Weeks1 Month3 Months6 Months1 Year Oldest FirstNewest First

	Serenity Forum Index -> Member Discussion	All times are GMT - 5 Hours
Page 1 of 1

Jump to: Select a forum Announcements----------------NewsForum General Discussion----------------Member DiscussionGamePlayTech Support Allies----------------Browncoats Role Play----------------Character ProfilesRole PlaysOOC Off-Topic----------------CantinaOther GamesMovies/TV/Books    You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum