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

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Uploaded by on May 31, 2010

The conversation on News Night on 26 May 2010 in the UK about the European Credit Crisis. Participants were Hugh Hendry, Gillian Tett and Jeffrey Sachs.

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News & Politics

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  • sachs blair brown bono geldof bush obamo..all one

  • - 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

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

  • ....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.

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

  • Sachs is a statist.

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