IIF Welcomes PSI Result; Sees “Major Opportunity” For Greece

PARIS (MNI) – The Institute of International Finance Friday
welcomed the high participation rate in Greek PSI, issuing the following
statement:

“The leadership of the Institute of International Finance today
welcomed the announcement by the Government of Greece that a very high
majority of private creditors and investors to Greece have accepted the
Government’s debt exchange offer on a voluntary basis.

‘The very strong and positive result provides a major opportunity
now for Greece to move ahead with its economic reform program, while
strengthening the Euro Area’s ability to create an economic environment
of stability and growth,’ said Dr. Josef Ackermann, Chairman of the IIF
Board of Directors, and Chairman of the Management Board and the Group
Executive Committee, Deutsche Bank AG.”

–Paris newsroom, +331-42-71-55-40; bwolfson@marketnews.com

[TOPICS: M$X$$$,M$Y$$$,MGX$$$,M$$CR$,MT$$$$]