Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Davos Highlight: Lyons sees Greece defaulting, leaving euro

Wednesday, January 25, 2012 - 00:59

Jan. 25 - Gerard Lyons, Chief Economist at Standard Chartered Bank also tells Reuters he sees contagion being a problem in Europe “for some time to come.” This is an excerpt of a full interview conducted at the World Economic Forum in Davos, Switzerland as part of the Davos Today morning show. Look for the complete show at http://www.reuters.com/davos.

▲ Hide Transcript

View Transcript

-- you speak to people here of course you got a lot of these meetings what's the general consensus of most people think Greece is gonna vote. Yes with a good person. Well -- -- -- compare -- -- on that but basically the deal with the ongoing effort let by channels to Laura hopefully won't risk results in -- of but the faults that people agreement shall we say in -- plentiful this it's been cold. I think probably more important is the show off that people than hospital increased fleet feet yeah right yeah I think the opposite to that is yes probably later this year than it was and another question after that is. -- contagion. I'm is just a precedent what happens and this and what happens in Portugal how -- you want I think we should underestimate the commitment to the politicians trying to keep it together so they'll take pull out all the stops that by the European Central Bank but the same time I think think the politicians should underestimate the -- In Italy and elsewhere so the contagion problem remains a problem I'm bolted for some. Time to come.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Davos Highlight: Lyons sees Greece defaulting, leaving euro

Wednesday, January 25, 2012 - 00:59