Ackermann to Go to Brussels Amid Push for More Greek Losses

Deutsche Bank AG Chief Executive Officer Josef Ackermann, who led talks on private sector involvement in Greece’s rescue package in July, will go to Brussels next week as policy makers push investors to take deeper losses on their Greek sovereign debt holdings.

“I led the negotiations at the summit in Brussels and will be there again next week because there are efforts to re-open it,” Ackermann, chairman of the global bank lobby group Institute of International Finance, said today in a speech in Berlin. “That would mean an increase from the 21 percent we voluntarily said we’d do as investors, and it wasn’t easy at all to convince the investors to take that loss.”