Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

IIF Says ‘Progress Has Been Made’ on Voluntary Greek Exchange

The co-chairmen of the steering committee of the Greek debt exchange talks said “progress has been made in recent days.”

Charles Dallara and Jean Lemierre said it’s “essential that a voluntary agreement be concluded in the days ahead on the basis of the terms and parameters agreed in Brussels on October 26/27, 2011,” according to an e-mailed statement today from Frank Vogl, a spokesman for the Institute of International Finance.

The IIF, representing more than 450 financial firms, agreed in October in Brussels with European leaders to accept a writedown on their Greek holdings to help the country recover. The swap deal, part of a 130 billion-euro ($169 billion) second bailout agreement for Greece, is supposed to help the nation reduce its debt to 120 percent of gross domestic product by 2020.

Dallara is managing director of the IIF and Lemierre is a senior adviser to the chairman at BNP Paribas SA. They co-chair the Private Investor-Creditor Steering Committee for Greece.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.