Jean Lemierre News
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Sovereign debt issuers should start to work early with creditors if it appears a restructuring is unavoidable, the Institute of International Finance said in a report on best practices for public debt swaps.
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The world of Michele Lamarche, one of Lazard Ltd.’s top advisers to Greece on its debt restructuring, is full of meetings that never happened, officially at least.
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The Institute of International Finance’s Charles Dallara and Jean Lemierre, who are leading Greek debt talks on behalf of private creditors, arrived in Brussels, according to an e-mailed statement from the group.
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The Institute of International Finance’s Charles Dallara and Jean Lemierre, who are leading Greek debt talks on behalf of private creditors, will be in Brussels tomorrow ahead of a meeting of euro-area finance ministers, according to an e-mailed statement from the group.
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A group of 30 private-sector holders of Greek government debt formed a steering committee to conduct talks on a debt swap with Greek and euro region authorities, the Institute of International Finance said.
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Talks on a debt swap to lower Greece’s borrowings and avert a collapse of the economy resume today as international policy makers squabble over the mounting cost of the rescue.
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The co-chairmen of the steering committee of the Greek debt exchange talks said “progress has been made in recent days.”
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Charles Dallara, managing director of the International Institute of Finance, and Jean Lemierre, a senior adviser to the chairman of BNP Paribas SA, will go to Athens this weekend to continue talks on a Greek debt swap, IIF spokesman Frank Vogl said in an e-mail.
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Greece’s private creditors plan to meet in Paris tomorrow to discuss a debt-swap deal that’s contingent on the country securing a second aid package from European and international officials, Institute of International Finance spokesman Frank Vogl said.
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The Greek government and its creditors return to the negotiating table this week to revive stalled talks on a debt swap as German Chancellor Angela Merkel places pressure on both sides to forge a deal.
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