Hypo Ventures Capital Headlines: Greece’s Debt Swap Endorsed by IIF as Investors Left to Decide
posted by utterbackpac 173 days ago under hypo venture capital, hypo venture capital zurich, hypo ventures capital headlines-greece-s debt s
The Institute of International Finance, which represented private creditors in the negotiations over Greece’s debt swap, endorsed the final terms of the deal and left its members to choose whether to take part. “The decision to participate in the debt exchange lies exclusively with individual investors,” the IIF said in a statement issued by e-mail today after a board meeting yesterday in Zurich,Switzerland. The Washington-based group represents more than 450 financial services companies around the world. Private creditors reached an agreement with Greek and European officials last week on the biggest sovereign debt restructuring in history. The plan seeks to reduce Greece’s borrowings by about 106 billion euros ($140 billion) and lower debt to 120.5 percent of gross domestic product by 2020. » Hypo Ventures Capital Headlines: Greece’s Debt Swap Endorsed by IIF as Investors Left to Decide
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