With the head of the International Institute of Finance (IFF) Charles Dalara in Athens on 11 January, it seems that the IIF is about to agree on the details of Private Sector Involvement (PSI) in alleviating the country's sovereign debt crisis.

Dalara will meet Greek Prime Minister Loukas Papademos and Finance Minister Evagelos Venizelos – what has already been decided refers to the percentage of the ‘haircut’ of the Greek bonds held by private lenders, aka banks, an...

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