Dallara rules out another debt swap

There is no chance of another Greek debt restructuring, the managing director of the Institute of International Finance, Charles Dallara, told Skai TV in an interview broadcast on Friday.

The key figure behind the successful negotiations for the private sector involvement (PSI) plan stated that this time ?Greece has entered a path of growth and security? after the completion of the agreement for the debt swap. The country has a crucial summer ahead of it during which ?some light at the end of the tunnel may appear.?

He agreed with the International Monetary Fund that the elections would create some uncertainty in the markets, but added that ?the country?s politicians realize now the need for reforms.?