‘There has been no agreement on any Greek deal or a specific ‘haircut,’” Charles Dallara, who is leading negotiations on behalf of the IIF, which represents private sector creditors, said in a statement.
“We remain open to a dialogue in search of a voluntary agreement. There is no agreement on any element of a deal.”
Eurozone states are pushing the private sector to accept a 50 per cent writedown on their holdings of Greek bonds in an effort to reduce Greece’s debt burden by around €100bn.
Failure to agree on a voluntary writedown or “haircut” could lead to a full scale default in Greece’s debt, with a heavy knock-on impact on markets.
Earlier in the day, a European official revealed that the International Monetary Fund (IMF) was pushing for a haircut of “65 per cent or more”, Dow Jones reported.
The IMF could push for a haircut of up to 70 or 75 per cent, reports said, although the international bailout fund did not confirm its position.