Greek Finance Minister Evangelos Venizelos expressed the country's banking system will do the rollover of government bonds as part of a plan of assistance from the European Union.
"Greek banks are ready to participate. We respect this procedure. And this is very sensitive, and I give a very clear answer on this topic, "he said at a meeting in Paris to discuss the role of the European Union to help Greece.
European Union leaders have asked private investors to contribute to the new aid package granted to Greece, after the aid disbursed in the last year worth U.S. $ 159 billion failed to stop the spread of the debt crisis in Europe.
Participation.
Greek banks and pension funds became the key to a successful plan investors to roll over maturing bonds worth 30 billion euros into the form of debt securities with longer durations.
Institute of International Finance, a banking lobby group to host meeting of the holders Greece in Paris, to discuss the problem of rollover.
Talks between the creditor and the person in charge of Europe has started since last week in Rome, under the protection of the IIF Managing Director Charles Dallara, a former employee of the Ministry of Finance.
Creditors and the European Union has sought to do the restructuring plan to avoid a default or a default rating, which will ultimately make the European Central Bank refused to accept the Greek government bonds as collateral.
Stnadar & Poor's said on July 4 that they will lower ranking Greece in selective default if done discussion of the rollover.
Venizelos Greek states should avoid getting selective default rating. "We have to take a chance, but not the risks.
It is extremely important to organize something safely, because the problem of Greece will always be a European problem. Being the world's problems and financial stability Greece becomes an important key to financial stability in Europe, "he said.
