Hung Tran: 21% NPV reduction was a "reasonable assumption"

Everyone has a shared interest in the success of the Greek bailout because "the alternative is so much worse for everyone", says IIF deputy managing director

hung tran institute of international finance

Hung Tran, deputy managing director and counsellor at the Institute of International Finance (IIF) in Washington, DC was heavily involved in the development of the IIF's July 21 proposals for private sector participation in the European rescue of Greece. Below, Tran addresses questions about how the package was arrived at, and what new challenges the resolution of Greece's debt dilemma presents.

The IIF has a deep historical involvement in sovereign debt restructuring, but how did the

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