Ferguson Says Some German Banks Worse Than Lehman, ECO Reports
By Aaron Kirchfeld -
2011-05-16T13:47:48Z
Niall Ferguson, a professor of history at Harvard University in the U.S., said Lehman Brothers Holdings Inc. seems like a “well-run bank” compared with the debt on some German lenders’ balance sheets, Swiss television show ECO reported, citing an interview.
A restructuring of Greek debt is “unavoidable,” Ferguson was quoted as saying on the TV station’s website. The future of the euro zone largely depends on Germany, he said.
To contact the reporter on this story: Aaron Kirchfeld in Frankfurt at akirchfeld@bloomberg.net
To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net; Edward Evans at eevans3@bloomberg.net
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