Bloomberg News

BlueCrests’s Platt Says Eurobonds Needed If Greece Leaves Euro

May 21, 2012

Michael Platt, the founder of $32 billion hedge fund BlueCrest Capital Management LLP, said Europe will likely have to issue bonds backing the entire region to stem the financial crisis that would follow a Greek exit.

“There would need to be an enormous announcement from the EU,” Platt said in an interview today on Bloomberg Television’s Inside Track.

To contact the reporters on this story: Jesse Westbrook in London at jwestbrook1@bloomberg.net; Stephanie Ruhle in New York at sruhle2@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


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