Global economic growth concerns outweigh Greek default and Spain/Italy bail-out fears: Risk poll

Risk.net poll supports IIF deputy managing director Hung Tran's view that global economic recession stands head and shoulders above fears of Greek default and Italy/Spain bail-out

"It is difficult to see how growth can be sustained" in the face of public sector "deleveraging", says Hung Tran, deputy managing director and counsellor at the Washington DC-based Institute of International Finance.

Tran, who was heavily involved in the private sector negotiations for the July 21 Greek financial rescue package, adds: "Given the level of uncertainty, it is prudent for risk managers to use realistic assumptions in their stress tests so as to gauge the ability of their firms to