周一血洗有望，Greek debt deal snags on interest rate: report# Stock
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By Steve Gelsi, MarketWatch
NEW YORK (MarketWatch) — The amount of interest Greece would pay
bondholders appeared to snag critical sovereign debt talks, with the top
negotiator for the country’s private-sector creditors leaving Athens on
Saturday without a final deal, according to reports.
Click to Play
Europe's week ahead: World Economic Forum
The rich and the powerful travel to Davos, Switzerland for the 42nd annual
meeting of the World Economic Forum. Germany's chancellor will give the
opening address, reports MarketWatch’s Polya Lesova.
The Wall Street Journal reported that officials close to the talks may not
wrap up before a euro-zone finance minister meeting on Monday, when a second
tranche of cash to keep Greece from defaulting is on the table.
Before Greece can receive the cash, it needs to cement a deal with private
debt holders.
Charles Dallara, chief of the Institute of International Finance who has
been meeting with Greek officials on the bond deal, left Athens, the
newspaper reported.
Greece and its creditors appeared to be close to a deal to give bond holders
coupon interest of 3.5% for shorter maturities and up to 4.6% on longer-
dated bonds. The average coupon would range about 4%.
But officials with the International Monetary Fund and Germany have been
pushing for a lower rate out of concern that Greece’s debt won’t return to
sustainable levels if the average coupon on the new bonds comes to about 4%
, the newspaper reported.
The negotiations have ”again become complicated with the new demands over
the coupon,” a person with direct knowledge of the talks told the newspaper.
On Friday, financial markets rallied across Europe after the Greek
government and its private-sector creditors appeared to be close to a debt-
restructuring deal.
Talk of a new debt pact fueled hopes it would lead to a fresh multibillion-
euro bailout for Greece.
Steve Gelsi is a reporter for MarketWatch in New York.
http://www.marketwatch.com/story/greek-debt-deal-snags-on-inter
By Steve Gelsi, MarketWatch
NEW YORK (MarketWatch) — The amount of interest Greece would pay
bondholders appeared to snag critical sovereign debt talks, with the top
negotiator for the country’s private-sector creditors leaving Athens on
Saturday without a final deal, according to reports.
Click to Play
Europe's week ahead: World Economic Forum
The rich and the powerful travel to Davos, Switzerland for the 42nd annual
meeting of the World Economic Forum. Germany's chancellor will give the
opening address, reports MarketWatch’s Polya Lesova.
The Wall Street Journal reported that officials close to the talks may not
wrap up before a euro-zone finance minister meeting on Monday, when a second
tranche of cash to keep Greece from defaulting is on the table.
Before Greece can receive the cash, it needs to cement a deal with private
debt holders.
Charles Dallara, chief of the Institute of International Finance who has
been meeting with Greek officials on the bond deal, left Athens, the
newspaper reported.
Greece and its creditors appeared to be close to a deal to give bond holders
coupon interest of 3.5% for shorter maturities and up to 4.6% on longer-
dated bonds. The average coupon would range about 4%.
But officials with the International Monetary Fund and Germany have been
pushing for a lower rate out of concern that Greece’s debt won’t return to
sustainable levels if the average coupon on the new bonds comes to about 4%
, the newspaper reported.
The negotiations have ”again become complicated with the new demands over
the coupon,” a person with direct knowledge of the talks told the newspaper.
On Friday, financial markets rallied across Europe after the Greek
government and its private-sector creditors appeared to be close to a debt-
restructuring deal.
Talk of a new debt pact fueled hopes it would lead to a fresh multibillion-
euro bailout for Greece.
Steve Gelsi is a reporter for MarketWatch in New York.
http://www.marketwatch.com/story/greek-debt-deal-snags-on-inter
