Greek Debt Program Is ‘Move Toward Reality,’ IIF’s Dallara Says

Europe’s steps to support Greece and safeguard other euro-area nations will allow markets to move past contagion fears, Institute of International Finance Managing Director Charles Dallara said.

“This is a move toward reality for the markets, for investors, for Greece and for Europe,” Dallara said in an interview in Brussels yesterday. “That acceptance of reality is the first step toward moving to a brighter future.”