ECONOMY

Charles Dallara to step down

Charles Dallara, who led the private banks? side in grueling negotiations over writing down Greek debt, is stepping down as head of the Institute of International Finance, an IIF spokeswoman said Wednesday.

Dallara will stay on as head of the powerful global banking institute until year-end, to ensure an ?orderly transition,? spokeswoman Emily Vogl told AFP. [AFP]