L&G's Grodzki Discusses European Banks' Financing

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Aug. 2 (Bloomberg) -- Georg Grodzki, global head of credit research at Legal & General Investment Management, speaks about European banks' financing costs. Banks in so-called peripheral European countries from Greece to Ireland have been largely shut out of debt markets since April amid concern their governments will struggle to cut budget deficits. He talks with Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)

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