Hugh Hendry talking Greek and euro banker bailout on CrossTalk

By Edward Harrison On May 6, 2010

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.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills 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.

Stat of the Day: Table of euro-zone debt and deficits

Links: 2010-05-06 Heading toward a Greek default

6 Comments

Sam Costanzo says 15 years ago

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

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