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.
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.
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.
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.
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.
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.
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.