Eurogroup Meets on Greece

Brussels, Belgium, February 10, 2012 — Following the meeting of the Eurogroup on Greece tonight, spokesman Frank Vogl said on behalf of the Co-Chairmen of the Steering Committee of the Private Creditor-Investor Committee for Greece: “We welcome the progress that has been achieved on the overall Greek program. We look forward to the finalization of the entire package, including the PSI, on the basis of the agreement that was reached at the Eurogroup Summit last October 27, when the Eurogroup meets next Wednesday (February 15, 2012).”

Statement on Behalf of the Co-Chairmen

Athens, Greece, January 28, 2012 — Mr. Charles Dallara and Mr. Jean Lemierre, Steering Committee Co-Chairmen of the Private Creditor-Investor Committee for Greece, stated: “We continued discussions today with Greek Prime Minister Lucas Papademos and Deputy Prime Minister and Finance Minister Evangelos Venizelos over the elements of a voluntary debt exchange. Further progress was made, building on the understandings reached yesterday on the key legal and technical issues. We are close to the finalization of a voluntary PSI within the framework expressed publicly earlier this week by Luxembourg Prime Minister Jean-Claude Juncker in his capacity as Chairman of the Eurogroup. We expect to conclude next week as discussions on other issues move forward.”

Note to reporters: Mr. Dallara and Mr.Lemierre will be leaving Athens tomorrow and will remain in close consultation with Greek and other authorities.

Statement by the Co-Chairmen on Greek Debt

Athens, Greece, January 27, 2012 — Mr. Charles Dallara and Mr. Jean Lemierre, Steering Committee Co-Chairmen of the Private Creditor-Investor Committee for Greece, stated that discussions continued today with Greek and Euro Area authorities on the details of a voluntary PSI for Greece. Important understandings were reached on legal and technical issues. The Co-Chairmen also held further talks today on financial issues with Greek Prime Minister Lucas Papademos and Deputy Prime Minister and Finance Minister Evangelos Venizelos. Progress was made and discussions will continue tomorrow.

Work Continues

Athens, Greece, January 26, 2012 — Mr. Charles Dallara and Mr. Jean Lemierre, Steering Committee Co-Chairmen of the Private Creditor-Investor Committee to Greece, stated that discussions here in Athens today focused on legal and technical issues on the voluntary PSI and some progress was realized. Work will continue tomorrow.

Greek Talks

Paris, France, January 25, 2012 — At its meeting in Paris today, the Steering Committee of the Private Creditor-Investor Committee for Greece, under the Co-Chairmanship of Charles Dallara and Jean Lemierre, decided to send a team of experts to Athens to continue negotiations with the Greek Government on legal and technical issues related to the voluntary PSI. The goal is to agree on all outstanding legal and technical issues as soon as possible. Following discussions with the leadership of Greece, the Co-Chairmen will return to Athens tomorrow for informal discussions.

Talks in Athens Progress

Athens, Greece, January 20, 2012 — Charles Dallara and Jean Lemierre, Co-Chairs of the Steering Committee of the Private Creditor-Investor Committee for Greece, stated: “Discussions continued in Athens with Prime Minister Lucas Papademos and Deputy Prime Minister and Finance Minister Evangelos Venizelos. The elements of an unprecedented voluntary PSI are coming into place. Now is the time to act decisively and seize the opportunity to finalize this historic deal and contribute to the economic stability of Greece, the Euro Area and the world economy.”

Discussions Continue on PSI

Athens, Greece, January 19, 2012 — Charles Dallara and Jean Lemierre, Co-Chairs of the Steering Committee of the Private Creditor-Investor Committee for Greece, held productive discussions today in Athens with Prime Minister Lucas Papademos and Deputy Prime Minister and Finance Minister Evangelos Venizelos on the voluntary PSI for Greece. Progress was made and discussions will continue tomorrow.

Greek Talks Resume

Athens, Greece, January 18, 2012 — The Co-Chairmen of the Private Investor-Creditor Steering Committee for Greece, Mr. Charles Dallara, IIF Managing Director, and Mr. Jean Lemierre, Special Advisor to the Chairman, BNP Paribas, stated that discussions with the Greek authorities have resumed. A lengthy meeting was held today with Greek Prime Minister Lucas Papademos and with Finance Minister Evangelos Venizelos and discussions will continue tomorrow.

Talks Resume in Athens

Washington, D.C., January 17, 2012 — The Co-Chairmen of the Private Investor-Creditor Steering Committee for Greece, Mr. Charles Dallara, IIF Managing Director, and Mr. Jean Lemierre, Special Advisor to the Chairman, BNP Paribas, confirmed that they will be returning to Athens on Wednesday to resume discussions with the leadership of the Government of Greece. They reiterated their commitment to seeking an agreement on a voluntary debt exchange for Greece and encouraged all parties to work in good faith toward this end with a sense of urgency.

Press Statement from the Co-Chairmen of the Steering Committee of the Private Creditor-Investor Committee for Greece

Athens, Greece, January 13, 2012 — Charles Dallara and Jean Lemierre, Co-Chairs of the Steering Committee of the Private Creditor-Investor Committee (PCIC) for Greece, continued discussions today in Athens with Prime Minister Lucas Papademos and Deputy Prime Minister and Finance Minister Evangelos Venizelos on a voluntary PSI for Greece, against the background of the October 26/27 Agreement with the Euro Area Leaders. Unfortunately, despite the efforts of Greece’s leadership, the proposal put forward by the Steering Committee of the PCIC—which involves an unprecedented 50% nominal reduction of Greece’s sovereign bonds in private investors’ hands and up to €100 billion of debt forgiveness— has not produced a constructive consolidated response by all parties, consistent with a voluntary exchange of Greek sovereign debt and the October 26/27 Agreement.

Under the circumstances, discussions with Greece and the official sector are paused for reflection on the benefits of a voluntary approach. We very much hope, however, that Greece, with the support of the Euro Area, will be in a position to re-engage constructively with the private sector with a view to finalizing a mutually acceptable agreement on a voluntary debt exchange consistent with the October 26/27 Agreement, in the best interest of both Greece and the Euro Area.

Press Statement from the Co-Chairmen of the Steering Committee of the Private Creditor-Investor Committee for Greece

Athens, Greece, January 12, 2012 — Charles Dallara and Jean Lemierre, Co-Chairs of the Steering Committee of the Private Creditor-Investor Committee for Greece, met today in Athens with Prime Minister Lucas Papademos and Deputy Prime Minister and Finance Minister Evangelos Venizelos to discuss the voluntary PSI for Greece, against the background of the October 26/27 Agreement with the Euro Area Leaders. A range of issues were discussed and some key areas remain unresolved. Discussions will continue in Athens tomorrow, but time for reaching an agreement is running short.

It is essential in order to finalize the voluntary PSI agreement that support be given by all official parties in the days ahead. As Chancellor Merkel and President Sarkozy stressed in their Berlin press conference earlier this week, it is important that Greece reach agreement with the private sector on a voluntary debt exchange as soon as possible.