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Tag Archives: IIF

IIF: Eurogroup decision on Cyprus violates EU laws

Eurogroup’s decision on Cyprus was a failure, a top official of the Institute of International Finance told a Cypriot newspaper on Sunday. Hung Tran, the First Deputy Managing Director of the IIF, told Phileleftheros newspaper in Nicosia that the decision to impose a haircut on Cypriot bank accounts was “a …

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IIF: Greece’s austerity program much harsher than the Irish one

“The fiscal afjustment program for Greece is much harsher than the one for Ireland.” That’s what Jeffrey Anderson, senior director of European Affairs at the Institute of  International  Finance (IIF) stresses in his economy research with the title “Ireland and Greece: A Tale of Two Fiscal Adjustments”. “Greece and Ireland …

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Dallara: Greece could return to markets late 2014, early 2015

Greece could return to the markets at late 2014 – early 2015 according to Charles Dallara, the managing director of the Washington-based bank lobby group, the Institute of International Finance (IIF), speaking on the sidelines of the World Economic Forum in Davos. He also said that the market sentiment has …

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IIF Spokeswoman: Charles Dallara Steps Down

Charles Dallara, who led the private banks’ side in grueling negotiations over writing down Greek debt, is stepping down as head of the Institute of International Finance, an IIF spokeswoman has said. 1 of 1 Last month in Dublin, Mr Dallara urged less fiscal pressure on Athens Dallara will stay …

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IIF Dallara: Greek Euro Exit Would Destabilize World Economy, ECB

Greece’s euro exit would destabilise world economy, the European Central Bank and the contagion will affect other countries like Italy, Spain and Portugal, too, head of Institute of International Finance (IIF) Charles Dallara said in an interview. He urged a European realistic approach to austerity. The head of the global banking …

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Greece To Pay at least €35.5 Million to PSI Advisers

 OUCH! Greece has to pay at least 35.5 million euro to its two main advisers helping the debt-ridden country with its Greek Bond swap (PSI) or in common English “debt restructuring”. Greek Finance Ministry saw itself obliged to reveal the payments, after daily Proto Thema  claimed on Tuesday, that Athens had …

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PSI: Greeks Head to IMF as IIF Complains and Hedge Funds Warn of Default

Petros Chistodoulou and Giorgos Zanias, heads of Greece’s Public Debt Management Agency (PDMA) and the Council of Economic Advisers respectively, are heading to Washington for talks with representatives on the International Monetary Fund on the restructuring programme fo the Greek debt. Negotiations between the Greek government and private creditors on the …

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Dallara: Greek Debt Swap Will Likely Cause Selective Default

FRANKFURT (Dow Jones)–An agreement between the Greek government and private bond holders will likely cause a selective default on Greek sovereign debt, the managing director of the Institute of International Finance said Friday. “We are not worried about a selective default, which will last a matter of days, but won΄t …

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