C.Dallara Says Greece Can Return to The Markets in 2014/2015

Logo (Photo credit: Wikipedia)

Speaking on the sidelines of the World Economic Forum in Davos, the managing director of the Institute of International Finance (IIF), Charles Dallara, said on Wednesday that Greece might be able to return to the markets at late 2014 or early 2015.

At the same time he noted that the market sentiment has improved tremendously in the real economy. “Spain may avoid a bailout, he noted and he insisted that growth’s needed in the country”.

In an interview to CNBC on Tuesday, Dallaras said that Cyprus is the most serious risk the euro zone faces today. "I see a disconnect between Cyprus and its euro zone partners, and I see little sense of how to bridge the gap there. This concerns me, and I also think the risk of complacency, of underestimating the potential contagion impact if you mismanage Cyprus, is quite high," he added.