IIF
Economy
Former IIF Chief: A Grexit Could Turn into a Bloodbath
Investors are optimistic about the consequences of a possible Grexit, but it can turn into a bloodbath, said Vice President of Partners Group investment firm Charles Dallara.
According to a CNBC report, Dallara is worried about the possibility of Greece's...
Cyprus
IIF Bank Chief Fears Cypriot Precedent
The head of the Institute of International Finance, representing banks who agreed to take big losses on their holdings in Greek bonds that precipitated a bank crisis on Cyprus, now says that a plan to confiscate up to 9.9...
Economy
Dallara Says Greece To Return to Markets
Institute of International Finance (IIF) Managing Director Charles Dallara, who was the negotiator for private investors when a previous Greek government imposed 74 percent losses on them, said he believes Greece will return to private markets sooner than expected.
Dallara...
Economy
World's Bankers Say Greek Bailout Risky
The powerful international bank lobby Institute of International Finance (IIF) has warned that Greece's newly revamped bailout program still faces large risks as long as the economy continues to contract sharply, with more austerity measures expected to make it...
Economy
IIF: EU, ECB, IMF Should Lower Greek Loan Interest Rates
The EU, the European Central Bank and the International Monetary Fund should slash interest rates on the Greece debt they hold to give the near-default nation a fighting chance to recover, the head of the Institute of International Finance...
Economy
IIF Chief Dallara Says Greece Needs More Time
Greece should get cheaper rates on its pending second bailout, for $172 billion, and at least two more years from its international lenders to repay them, the chief negotiator for the country's private sector creditors said.
Charles Dallara, Managing Director...
Economy
Tsipras Says New Democracy, PASOK are "Scaremongering"
ATHENS – After more than a week of a nearly-invisible campaign ahead of critical June 17 elections that could decide whether Greece leaves the Eurozone and possible chaos, dueling political rivals are taking shots at each other through press...
Economy
Bank Group Chief: Greek Euro Exit Cost Could Pass $1.25 Trillion
With speculation mounting that Greece will ultimately either choose or be forced to leave the Eurozone and drop the euro, the head of a worldwide banking group whose members were forced to take 74 percent losses on their Greek...
Economy
Charles Dallara: Greek Exit Would Be "Armageddon"
The damage to the rest of Europe from Greece leaving the euro would be "somewhere between catastrophic and Armageddon," the chief negotiator for the body representing private sector holders of Greek bonds said on Wednesday.
Charles Dallara, who as head...
Economy
Banks Want Technocrats to Run Greece, Not Politicians
ATHENS – As Greeks were set to vote on May 6 for a new government that could be another coalition administration, the country’s international lenders said if a stalemate results, that if a fragmented coalition government is elected without...