Greek Debt Talks Resume With Agreement Seen by End of This Week
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Greece and its private creditors are beginning a final push to renegotiate debt as a member of the investor group said they are likely to get cash and securities with a market value of about 32 cents per euro of government bonds.
“I’m highly confident the deal will get done,” Bruce Richards, chief executive officer of New York-based Marathon Asset Management LP, said in a telephone interview yesterday with Bloomberg Businessweek. The government may forge a deal by the end of this week after talks resumed in Athens today, a finance ministry official told reporters in the Greek capital. He declined to be identified.