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June 17, 2011

FINSBURY PARTNER ON GREEK DEBT CRISIS

 

By Greg Hazley

Greece's debt will undergo an "orderly restructuring because the consequences of anything else are too ghastly to think about," said Roland Rudd, senior partner at U.K. financial PR agency Finsbury, in an appearance on Bloomberg TV's "The Pulse" on Friday.

The New York Times reported in today's edition that investors are worried Greece's woes could lead to crippling losses for Europe's banks and spark a global panic like there was in September 2008.

Rudd said he also doesn't see Greece or any other European Union member abandoning the euro:

 

 
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