DAVOS, Jan 25 (Reuters) – Financial markets’ sentiment
towards the euro zone may have turned the corner, but banks will
offer no more concessions in crucial talks to reduce Greece’s
private sector debt, BNP Paribas chairman Baudouin Prot said on
He said the European Central Bank’s move to flood the
banking sector with almost half a trillion euros in short-term
loans had helped to change the mood.
“I am a cautious optimist,” Prot told Reuters at the World
Economic Forum in Davos.
“We are starting to see signs of a shift in sentiment
towards Europe. The ECB three-year financing facility was really
a catalyst. We are on the right track, but we need to keep
Greece is hoping to wrap up tortuous negotiations this week
on a bond swap that aims to knock 100 billion euros ($130
billion) off its debt burden when private creditors return to
Athens for a fresh round of talks to avert a chaotic default.