Newsnight 26th May 2010: Hugh Hendry: "I Would Recommend You Panic"

[WaytheWestWasWon]

- Sachs on prospects of Greek default (4.04): "A jump that is unworthy". - 5.53 On (Greek) sovereign default: "An extreme measure ... unwarranted". - 6.45 "There is a reasonable chance" Greek will repay all its debt.

YET: Last week G20 want to write down Greek debt by 50%.

Sachs on USA: "Needs an austerity programme" - yet at Occupy Wall Street calls for higher spending.

#YOURENOTWINNINGJEFFREY

[maclachj1]

reasonable chance tax payers outside Greece will be servicing Greek debt within 3 years

[Boabywankenobi]

....Sach's performance here was laughable. This is an advert for keeping academia out of the markets because these people have no clue what they are talking about....'purge this system' - everyone knows it and only those with a bit of integrity aid it last year.

[friedkat]

I know we're deep in economic doo-doo but come on Gillian, cheer up !

[atrickpay11]

Sachs is a statist.