Hugh Hendry talking Greek and euro banker bailout on CrossTalk

| 6 May 2010 09:00

Last week I was on RTTV’s CrossTalk talking about the Goldman Sachs Senate hearings with two other guests. This week, on the latest edition of CrossTalk, Peter Lavelle asks his guests who is being bailed out: Greece or the bankers. The inimitable Hugh Hendry is the most well-known of the guests and suggests Greece needs to leave the eurozone, default, devalue. The banks would take a massive haircut.

Pretty good stuff. (Hat tip Scott)

See also: BNP reveals 5 bln eur Greek debt exposure; Q1 rises from Reuters and Who’s exposed to Greece, bank edition from FT Alphaville.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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1 Comment

  1. avatar Sam Costanzo says:
    6 May 2010 at 23:28

    Clearly the banks are being bailed out. Otherwise the debts would be restructured.