Morgan Stanley (MS) Chairman and Chief Executive Officer James Gorman said private investors reaching an agreement over a restructuring of Greek debt will prevent the worsening of Europe’s sovereign debt crisis.
“Europe did not get worse, it hasn’t gotten a lot better,” Gorman said today in an interview on Bloomberg Television from Davos, Switzerland. “But if we can get Greece resolved and have one concrete outcome of these talks of the last several months, that will be a major push towards more action” by the European Central Bank.
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