Greek FinMin to meet with IIF chief
Charles Dallara, the head of a group representing private-sector banks, will hold talks in Athens on Thursday with Greece’s Finance Minister Evangelos Venizelos on a voluntary swap of privately held Greek bonds.
Dallara, head of the Institute of International Finance, is also to meet with Greece’s provisional Prime Minister Lucas Papademos, as pressure mounts for a conclusion to the negotiations on the bond swap.
Sources have said Greece and its private lenders are nearing a deal in the talks, aimed at halving the country’s debt load and averting default. Venizelos on Wednesday said talks were at ?a very good point.?
Speaking on the same day, German Chancellor Angela Merkel stated that the main priority of the eurozone for 2012 is to secure the second bailout package for Greece and complete the debt swap program.
BlackRock Solutions is on Friday due to deliver its report to the Bank of Greece on the quality of Greek bank loan portfolios, which is expected to weigh heavily on the provisions of local lenders.
