Friday, June 17, 2011

Goldman's Jim O'Neill says Greek default closer













Greek will keep moving closer to default unless European Union policymakers stop sparring in public about its debt crisis, Jim O'Neill, chairman of Goldman Sachs Asset Management, said on Friday.

"It is like open theatre," O'Neill told Reuters Insider television in an interview at the St Petersburg International Economic Forum in Russia.
Asked if he thought Greece would default, he said: "I think the risk of it is getting closer unless European policymakers are a bit more sensible."
He urged European policymakers no to "keep on publicly sparring with each other, like some game theory between the ECB, the French and the Germans."



Reuters