IIF: Press statement from the co-chairmen of the Steering Committee of the Private Creditor-Investor Committee for Greece

12 January 2012

Co-chairs, Charles Dallara and Jean Lemierre, met today in Athens with Prime Minister, Lucas Papademos, and Deputy Prime Minister and Finance Minister, Evangelos Venizelos.

They discussed the voluntary PSI for Greece, against the background of the October 26/27 Agreement with the euro area Leaders. A range of issues were discussed and some key areas remain unresolved. Discussions will continue in Athens tomorrow, but time for reaching an agreement is running short.

It is essential in order to finalise the voluntary PSI agreement that support be given by all official parties in the days ahead. As Chancellor Merkel and President Sarkozy stressed in their Berlin press conference earlier this week, it is important that Greece reach agreement with the private sector on a voluntary debt exchange as soon as possible.

Press release

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