Bloomberg News

Ackermann Confident Greek Debt Deal Can Be Reached This Week

February 20, 2012

Feb. 20 (Bloomberg) -- Deutsche Bank AG Chief Executive Officer Josef Ackermann said he’s confident a deal between private creditors and public officials on a Greek debt swap can be reached this week.

Ackermann, who is also chairman of the Institute of International Finance, which is leading the debt swap talks, said private creditors are offering about 70 percent net present value loss. Negotiations on the final terms are ongoing, Ackermann said on the sidelines of an event in Milan today.

To contact the reporter on this story: Elisa Martinuzzi in Milan at emartinuzzi@bloomberg.net

To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net


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