The biggest change the deal makes is that Greece will refinance all of the 206 billion euros ($273 billion) it owes to private-sector creditors, said Frank Vogl, a spokesman for the Private Creditor-Investor Committee for Greece, which represents most of Greece's private lenders.
Date: Feb 21, 2012
Category: Business
Source: Google
Stocks rise on jobs report, progress in Greek talks
Representatives of the Institute of International Finance, which has been leading the talks for private bondholders on forgiving some of Greece's massive debts, had a "constructive meeting" with Papademos, IIF spokesman Frank Vogl said.
the creditors steering committeeworking on a debt accord with Greece, Charles Dallara, managingdirector of the International Institute of Finance, and Jean Lemierre, a senior adviser to the chairman of BNP Paribas SA,will return to Athens this weekend to continue talks, IIFspokesman Frank Vogl s
Date: Feb 04, 2012
Category: Business
Source: Google
Greek Debt-Swap Deal 'Coming Into Place,' IIF's Dallara Says
The Wall Street Journal, citing a person with direct knowledge of the talks, said today that discussions may have stalled again as the IMF and Germany pushed for an average coupon of less than 4 percent on the new bonds. IIF spokesman Frank Vogl denied that talks had broken off.
here are multiple battle frontsand even fighting among supposed allies. I can only tell you the negotiations are continuing, says Frank Vogl, a spokesman for the Institute of International Finance, which represents private creditors. I cant tell you whether theyll be successful.
nternational Finance, which represents bondholders, willcontinue today, Greek Finance Minister Evangelos Venizelos toldlawmakers in Parliament, in comments televised live on state-runVouli TV. The plan was confirmed by Frank Vogl, an IIF spokesman,in an e-mail sent after a lengthy meeting yesterday.
Date: Jan 19, 2012
Category: Business
Source: Google
Greek Debt Talks Resume With Agreement Seen by End of This Week
I can only tell you the negotiations are continuing, said Frank Vogl, an IIF spokesman. I can't tell you whether they'll be successful. The IIF, a global association of financial institutions, is chaired by Josef Ackermann, the CEO of Deutsche Bank AG.
Date: Jan 18, 2012
Category: Business
Source: Google
Greece Is Insolvent, Will Default on Its Debt, Fitch Says
inance, which represents the countrys private creditors, broke off on Jan. 13 without an agreement. Frank Vogl, an IIF spokesman, blamed the breakdown in talks on disagreement over the coupon, or interest rate, to be paid on new bonds and on discord among different authorities involved in the talks.
Date: Jan 17, 2012
Category: Business
Source: Google
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