View full page at forexfactory.com

 

IIF's Dallara: Forced Bond 'Haircuts' Shouldn't Be Repeated

From efxnews.com

The way that Greece forced losses on private bondholders resisting its massive debt restructuring shouldn't become a precedent, says Charles Dallara, managing director of the Institute of International Finance, who served as bondholders' chief negotiator. To help ease the pressure on European banks to sell assets, Dallara also called on regulators in Europe and other regions not to hastily apply the new capital requirements. Excerpts from an interview with The Nikkei follow. Q: Do you think the new EUR130 billion in aid to Greece will quell the financial unease in Europe? A: The Greek restructuring was a huge step ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News