"You know something is wrong with Europe when you have a German Pope and an Italian Central Banker"
 |
| Watch Video HERE |
'Only massive debt restructuring can save EU'
Kyle Bass is a hedge fund founder who saw the financial crisis coming and made a fortune from it - first from America's sub-prime mortgage crisis and then from betting that Greece would default.
Mr Bass told Sarah Montague that Germany cannot be expected to bail out the PIIGS countries - Portugal, Ireland, Italy, Greece and Spain, and that only a massive write-down in those countries' debts will solve the crisis.
No comments:
Post a Comment