(BN) IIF’s Dallara Says Greek Deal Is `Solid’ for Investors

At least he admits the bailout is for “investors” and not for Greece.  Although the IMF report seems extremely optimistic, with a primary deficit of only 2.4 billion in 2011, and allegedly only 1 billion this year, really makes you wonder why not just be a lot tougher on bond holders?  At the same time, with such fear of “default” and the somewhat bizarre desire to have it all “voluntary” makes it seem worthwhile to hold out and see what happens.

 

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IIF’s Dallara Says Greek Deal Is `Solid’ for Investors (Video)

2012-02-21 10:43:47.48 GMT

 

     Feb. 21 (Bloomberg) — Charles Dallara, managing director

of the International Institute of Finance, speaks at a news

conference in Brussels after Greece reached an agreement with

its private creditors to secure the biggest sovereign

restructuring in history.

     Jean Lemierre, senior adviser to the chairman of BNP

Paribas SA, Yannis Manuelides, partner at Allen & Overy LLP, and

Hung Tran, deputy managing director of the IIF, also speak.

(Source: APTN)

 

00:00 Dallara: swap deal is “solid” for investors”

05:43 Dallara: avoiding default; tribute to leaders

08:55 Lemierre: Greece; voluntary participation

13:33 Panelists respond to questions.

22:01 Dallara: Troika’s GDP forecast is “negative”

35:19 Dallara, Lemierre: tax; participation rate

39:26 Dallara: steps taken help boost confidence

 

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To contact the producer and editor: Ben Priechenfried/Campbell

+44-20-7330-7180 or aveurope@bloomberg.net

 

Running time 47:46

-0- Feb/21/2012 10:43 GMT