“We told you so”. That captures the reaction of many American bankers and policymakers towards Europe these days, writes Gillian Tett of the FT.
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Scott Nations, chief investment officer at NationsShares and Pat Dorsey, vice chairman, director of research & strategy at The Sanibel Captiva Trust Company, talk about measures to rectify European debt crisis.
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CNBC's Carolin Schober shares the update on Greece's economy. Also, discussing whether the European banks should get a U.S. type TARP bailout, with Dick Bove, Rochedale Securities vice president of equity research; CNBC's Steve Liesman and Rick Santelli.
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Charles Dallara, Institute of International Finance, discusses whether weaker than expected growth in Europe and continued Euro Zone debt concerns will lead to a TARP-like bailout for European banks.
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Not many things have emerged from the quagmire of US Congress recently which have produced a truly pleasant surprise. But could the troubled asset relief programme - better known as Tarp - turn out to be one?
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