The man who represented private sector bondholders in Greece's debt restructuring is concerned...


The man who represented private sector bondholders in Greece's debt restructuring is concerned about a graceful exit from ultra accommodative monetary policy in both the U.S. and Japan. "We are expecting too much of the Fed and the BOJ," Charles Dallara says, noting that the breadth of Japan's actions make their policies equivalent to "rolling the dice" in terms of inflation. Dallara is also "surprised" that Europe's leaders are optimistic about the outlook for the eurozone: Their economy has "structural problems [that are] deeper than many realize," he somberly notes.

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