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Greek creditors’ departure from debt swap talks was scheduled: IIF
Chief negotiators for Greece’s private creditors left Athens unexpectedly on Saturday without a deal on a debt swap plan that is vital to avert a chaotic default, sources close to the negotiations told Reuters. A technical team stayed in the Greek capital to work on details and negotiations will continue over the phone but it is unlikely that a deal can be clinched before a crucial meeting Monday of euro zone finance ministers, the sources said. However, the Institute of International Finance said on Saturday that talks the debt swap deal were continuing and its chief’s departure from Athens was scheduled and not ... (full story)
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