Statement by the Institute of International Finance
01/11/2011 IIFThe IIF today reaffirmed its
intention to move ahead with the Agreement reached on October 26/27
in Brussels with Euro Area Heads of States and Governments to
reduce the nominal private sector holdings of Greek government
bonds by 50 percent. We will work closely with the Greek
authorities, Euro Area officials and other relevant parties to
agree on, finalize and move toward implementation of the details of
the voluntary Private Sector Involvement (PSI) in support of
Greece’s reform effort to recover from the current crisis, restore
market access and lay the basis for renewed growth.