Saturday, June 25, 2011

Eyeing the Brady Plan as a Model for Greece


















Charles Dallara, now managing director of the Institute of International Finance, spent 15 years at the U.S. Treasury, much of it agonizing over Latin America's debt crisis of the 1980s.
While there, he was one of the architects of the Brady Plan, an initiative named after Treasury Secretary Nicholas Brady in which banks were given incentives to make concessions on their loans to Latin American governments.






WSJ