Tags: EU | Greece | Financial | Crisis

Greek Premier Meets Deutsche Bank Chief on Crisis

Friday, 26 Feb 2010 11:24 AM

Greek Prime Minister George Papandreou held talks with Deutsche Bank Chief Executive Officer Josef Ackermann on the country's debt crisis on Friday and accepted an invitation to meet German Chancellor Angela Merkel on March 5, government officials said.

The government declined to provide any details on what the discussions with Ackermann were about.

Greece is widely expected to issue government bonds next week and experts believe it could resort to selling them directly to a few large institutional customers rather than auction them off on capital markets.

The talks were scheduled ahead of a visit next week by EU Finance Commissioner Olli Rehn to inspect Greece's budget reforms, in view of a March 16 EU deadline to show fiscal improvement or face further spending cuts.

Finance Ministry figures released Friday confirmed earlier reports that public finances in January were stronger than expected — with a one-off tax on businesses contributing to some of that improvement.

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Economy
Greek Prime Minister George Papandreou held talks with Deutsche Bank Chief Executive Officer Josef Ackermann on the country's debt crisis on Friday and accepted an invitation to meet German Chancellor Angela Merkel on March 5, government officials said.The government...
EU,Greece,Financial,Crisis
154
2010-24-26
Friday, 26 Feb 2010 11:24 AM
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