Investors Coveting Greek Hercules Program, Deputy Minister Says

Major international lenders plan to invest in a Greek government program known as “Hercules” that aims to help domestic banks trim toxic debt, according to a deputy finance minister.

“Investors told us at the International Monetary Fund annual session that they will invest in Hercules,” Deputy Greek Finance Minister George Zavvos said in an interview after the meetings in Washington last week.

Executives from BlackRock Inc., Deutsche Bank AG, Credit Suisse Group AG, JPMorgan Chase & Co. and HSBC Holdings Plc were among those that he had talks with, said Zavvos, who is responsible for financial systems ...