Debt management chief to step down
Petros Christodoulou, the director general of Greece’s Public Debt
Management Agency, may step down in the next few days after winding up
the biggest debt restructuring in history.
“It’s not about
resigning,” Finance Minister Filippos Sachinidis told reporters in
Athens on Friday when asked if Christodoulou would quit. “Simply put,
his work in relation to the private sector involvement [PSI] was
completed.”
He declined to comment further.
Greece completed
the final settlement of its debt swap, which brought the investor
participation rate to 96.9 percent out of the total 205.5 billion euros
of eligible debt, the Finance Ministry said on Wednesday. [Bloomberg]
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