Tag Archives: latest stand

Greece and lenders are just a couple of steps away to conclude the Greek Program Review and have the 7.5-billion euro bailout tranche arrive in Athens and from there have 90% of the loan turn back to lenders. The Euro Working Group did not close the Review yesterday, Monday, but …

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The deadline on Greek bond swap deal ended on Thursday at 10 pm local time. Several Greek officials speaking to international media under condition of anonymity expressed optimism and ‘saw’ a participation of 80% . State broadcaster NET TV reported with reservation at 11:30 pm, that the particpication is 85% …

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Greece and its private creditors are apparently one step away from completing the voluntary Greek Bond Swap (PSI).  “We are one step away from PSI deal”, Greek Finance Minister Evangelos Venizelos said. “We are close to the finalization of a voluntary PSI”, head of Institute of International Finance Charles Dallara said …

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The deal on the Greek bond swap (PSI) has been apparently reached, economic news portal Capital.gr reports. Quoting banking sources, Capital writes that the deal has been reached on a coupon with an average interest rate of 3.7%. At the same time there will be a clause for growth to …

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New York, Berlin, Paris, Athens: the phones of  state officials, economists and bankers are ringing non-stop, brains are on fire and nerves lay blank as the PSI negotiations did not reach a deal over the weekend, ahead the EuroGroup meeting on Monday in Brussels. Men and women in business suits run nervously up and …

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The Greek PSI-cho thriller continues, as Greek bond swap talks were interrupted in Athens. Leaving Greeks behind to cook in their own broth,  head of Institute of International Finance Charles Dallara left Saturday morning for Paris. Greek media report that the negotiations got stuck on the key issue of the interest rates of …

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Blazing negotiations on the PSI are taking place in Athens with some Greek media heralding that agreement on major issues has been already achieved. According to several Greek media, the Greek side has proposed the interest rate to start at 3.5% for bonds maturing in 2014. a5 3.9% for bonds …

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The PSI-clock is ticking and according to Greek media there might be official announcement about the progress of the talks even within the day.  Greek Finance Minister Evangelos Venizelos told members of the Parliament, that “the talks are at a very delicate point” and described the discussions about whether the …

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