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IIF Says Expects to Conclude Deal on Greek Swap Next Week

The Institute of International Finance, which represents private holders of Greek debt in talks with the Greek government, said further progress was made in discussions in Athens today and that a final deal will be concluded in the coming week.

“Further progress was made, building on the understandings reached yesterday on the key legal and technical issues,” the IIF said in an e-mailed statement today. “We are close to the finalization of a voluntary PSI within the framework expressed publicly earlier this week by Luxembourg Prime Minister Jean-Claude Juncker in his capacity as chairman of the Eurogroup. We expect to conclude next week as discussions on other issues move forward.”

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