Financial News: Greek gov't, IIF to meet Thursday in Athens

The Greek government and the Institute for International Finance (IIF) will have a first working meeting in Athens on Thursday in an effort to agree on the details of private sector’s participation in a new Greek support deal, Finance Minister Evangelos Venizelos said on Monday.
Speaking to reporters, after a meeting with IIF’s director general Charles Dallara in Washington, the Greek minister said Thursday’s meeting signalled the beginning of a procedure towards implementing the decisions reached at an EU Summit over a new lending program for Greece.
Philippos Sahinidis, deputy Finance Minister, said in a radio interview in Athens on Tuesday that a procedure for the swap of Greek state bonds held by private investors will begin in August. Sahinidis said the aim was for this procedure to be completed the soonest possible, while private investors in Greek state bonds will be offered four available options in the swap process.

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