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BlueCrests’s Platt Says Eurobonds Needed If Greece Leaves Euro

Michael Platt, the founder of $32 billion hedge fund BlueCrest Capital Management LLP, said Europe will likely have to issue bonds backing the entire region to stem the financial crisis that would follow a Greek exit.

“There would need to be an enormous announcement from the EU,” Platt said in an interview today on Bloomberg Television’s Inside Track.

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