Printer Friendly

Ackermann giving back what Greek haircut took.

By Stelios Orphanides

Bank of Cyprus chairman Josef Ackermann said that he assumed a role in Cyprus's largest lender in order to give back to the Cypriot society after he played a role in Greece's 2011 debt restructuring which wiped out large amount of bank equity making a bailout necessary, the New York Times reported.

Back then, Ackermann chaired the International Institute of Finance, a business group representing large investment banks, including Deutsche Bank, Goldman Sachs and Morgan Stanley, which was involved in the negotiations that led to debt relief for Greece, the New York Times reported, in an interviewwith the Bank of Cyprus chairman.

Send to Kindle

The post Ackermann giving back what Greek haircut took appeared first on Cyprus Mail .

Copyright [c] Cyprus Mail 2015 Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2015 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Cyprus Mail (Cyprus)
Date:Oct 27, 2015
Previous Article:A journey of hope.
Next Article:Police issue traffic alert for Wednesday's islandwide parades.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |