Debt management chief to step down

Petros Christodoulou, the director general of Greece?s Public Debt Management Agency, may step down in the next few days after winding up the biggest debt restructuring in history.

?It?s not about resigning,? Finance Minister Filippos Sachinidis told reporters in Athens on Friday when asked if Christodoulou would quit. ?Simply put, his work in relation to the private sector involvement [PSI] was completed.?

He declined to comment further.

Greece completed the final settlement of its debt swap, which brought the investor participation rate to 96.9 percent out of the total 205.5 billion euros of eligible debt, the Finance Ministry said on Wednesday. [Bloomberg]