Ferguson Says Some German Banks Worse Than Lehman, ECO Reports

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.