ATHENS, Greece (AP) - Top bank negotiators are due back in Athens at the weekend to try and complete a debt-relief deal crucial for Greece to avoid default next month.
The Institute of International Finance, a Washington-based bank association, said Friday that its senior official Charles Dallara would resume talks with the government for the proposed deal to slash Greece's national debt by euro100 billion ($131.6 billion).
IIF spokesman Frank Vogl said Jean Lemierre, senior adviser to the chairman of the French bank BNP Paribas, will be accompanying Dallara. Under the deal, private investors would take real losses of more than 70 percent on their Greek bonds.
They would swap their bonds with new ones worth half as much, with a longer repayment period and lower interest rates.
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