Citigroup Inc. Chief Economist Willem Buiter said European governments have delayed an inevitable Greek debt restructuring because they’re “wimps” and don’t want to bail out their own banks.
Spain has never been so close to default and Greece, Ireland and Portugal may need further bailouts, Citigroup Inc. chief economist Willem Buiter said.
Cyprus must come up with a bailout proposal and will probably have to take money from bank depositors to secure funding from Europe, according to Citigroup Inc. Chief Economist Willem Buiter.
Citigroup Inc. Chief Economist Willem Buiter said that extending the maturities of Greek debt won’t solve the country’s underlying solvency problem.
Citigroup Inc. Chief Economist Willem Buiter said European leaders will eventually resolve the region’s sovereign-debt crisis by “stumbling” into a solution.
Europe has as little as days or weeks to act to avoid a default by a euro-region country, Citigroup Inc. Chief Economist Willem Buiter said today.
The European Central Bank may have to step up purchases of Spanish government bonds and backstop its banking system if the country runs into financing difficulties, Citigroup Inc. Chief Economist Willem Buiter said.
"There is no economic or financial case for a central bank to hold any single commodity, even if this commodity had intrinsic value."
- Willem Buiter on Nov 26, 2014
Buiter Says Spain Default Risk Has Risen
Buiter Says Greece Must Find Money ‘In a Hurry’: Audio