Dallara (F75, F76, F86) the helmsman for banks on Greek rocks
Charles Dallara spent two years in Greece with the U.S. Navy in the early 1970s. Four decades later he is a regular visitor again, representing the banks owed money by a near-bankrupt Athens government.
The 62-year old American who still sails, swims and plays baseball was once a managing director of U.S. investment bank JPMorgan. He also held positions in the Bush and Reagan administrations and is a veteran of the sovereign debt crises of the 1980s and 90s.
Now, many years after the Institute of International Finance (IIF) he heads last faced a crisis on such a scale, he is back in the spotlight, representing creditors that stand to lose 100 billion euros ($130 billion) or more in a Greek debt restructuring. …
… He brings an impressive contact book and represents more than 450 firms, but critics say the very diversity of that group may undermine his position, and that there are other more important figures in the background. …
… Dallara last year warned the raft of new regulations need to be halted to prevent a sharp contraction in credit in Europe and other major economies that would hammer growth and jobs.
But Greece has dominated the agenda, and debt restructuring has always been a key focus for the IIF since it was set up in response to the Latin American debt crisis.
It was during that turmoil that Dallara moved up the ranks at the U.S. Treasury -- after an economics degree from the University of South Carolina and a Master of Arts in Law and Diplomacy, and a doctoral degree from The Fletcher School at Boston's Tufts University, highly regarded for international affairs.
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