Tuesday, November 29, 2011

Greek creditors to speed up debt rescue talks

Banks involved in a rescue plan for Greece have set up a steering committee to push forward talks on a voluntary bond exchange before the end of the year.

The Institute of International Finance (IIF) said the committee would conduct talks with the Greek and euro area authorities. Co-Chairmen of the steering committee are Charles Dallara, managing director of the IIF, and Jean Lemierre, senior advisor to BNP Paribas. 

Reuters