The Brussels Report Podcast Episode 37 – with former IIF Director Charles H. Dallara
The Brussels Report Podcast
BrusselsReport.eu
0.0 • 0 Ratings
🗓️ 29 March 2024
⏱️ 59 minutes
🧾️ Download transcript
Summary
Charles H. Dallara is an American banker and the former managing director of the Institute of International Finance, which is a group representing the global financial services industry.
He served as the managing director of the Institute of International Finance, Inc. from 1993 to 2013, leading it in its prominent role during the European sovereign debt crisis, including the private sector involvement (PSI) agreement reached between European countries and financial organisations on the one hand and the Greek government on the other, "the biggest sovereign restructuring in history."
Before that, he acted as managing director at J.P. Morgan & Co. from June 1991 to July 1993, and he also held various positions in the George H. W. Bush and Ronald Reagan administrations: Assistant Secretary of the Treasury for Policy Development and Senior Advisor for Policy to the Secretary of the Treasury (1988-1989); U.S. Executive Director of the International Monetary Fund (1984-1989), and concurrently as Senior Deputy Assistant Secretary of the Treasury for International Economic Policy (1985-1988); Deputy Assistant Secretary of the Treasury for International Monetary Affairs (1983-1985); and U.S. Alternate Executive Director at the IMF (1982-1983).
Currently, he is an Advisory Partner of Partners Group and Chairman of Partners Group Board of Directors, USA.
He is the author of a newly published book, titled "Euroshock. How the Largest Debt Restructuring in History Helped Save Greece and Preserve the Eurozone" (March 2024)
In this episode of the Brussels Report podcast, BrusselsReport.eu editor Pieter Cleppe discusses the following topics with him:
- How sustainable is the Eurozone? Will Eurozone democracies be able to withstand future shocks in case of fiscal transfers and fiscal adjustment programmes?
- Are there similarities between indebted Western democracies today and 1980s rate hikes, which also troubled Latin American countries at the time?
- What are the chances of Argentina’s President Milei succeeding?
- Does bitcoin have a future?
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Brussels Report podcast. |
| 0:03.0 | I'm very happy to have as my guest today, Charles DeLara. |
| 0:09.0 | Charles DeLara is most known as the former head of the International Institute of Finance, |
| 0:19.0 | which I think you could say is sort of the representation of leading financial |
| 0:24.0 | institutions in the world. |
| 0:26.6 | He played a very important role when he was acting as the representatives of financial institutions |
| 0:35.3 | during the Greek bailout back in 2011 when Greece was unable to |
| 0:42.3 | live up to its debt obligations and a solution had to be found. |
| 0:50.3 | Interestingly, before that he has also served in the Reagan and Bush senior administration, |
| 0:56.6 | so I will definitely also ask him about that. |
| 0:59.5 | So, very welcome, Charles. |
| 1:01.5 | Thank you. |
| 1:02.1 | It's a pleasure to be with you today, Peter. |
| 1:04.9 | Likewise. |
| 1:05.6 | And so, I mean, I've been following the EU for a very long time, 2008 really, and I've always maintained that the future of the EU will be determined by perhaps its biggest project, the common currency, the euro. |
| 1:21.0 | And indeed, when you were absolutely in the spotlight in 2011, Greece was in deep trouble. It could no longer |
| 1:31.5 | afford to pay its debts. It had trouble refinancing its debt. And then there was serious |
| 1:38.7 | speculation both publicly and privately that the euro may not survive, even if Greece only, you know, was, of course, |
| 1:47.2 | a minor economy within the Eurozone. So maybe there's some things you want to recall from that |
| 1:52.8 | period? Well, it was an extremely stressful period, Peter, not just for the negotiators, |
| 1:59.6 | but stressful for the entire Eurozone and the |
| 2:03.1 | entire continent of Europe. You are right, of course, that Greek was in the heart of this |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BrusselsReport.eu, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BrusselsReport.eu and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.