Does China Have a $1.2 Trillion Ponzi Problem?
Chinese borrowers are taking on record amounts of debt to repay interest on their existing obligations, raising the risk of defaults and adding pressure on policy makers to keep financing costs low. Bloomberg's Stephen Engle has more on "First Up." (Source: Bloomberg)
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Greece's Papadimitriou on Bailout, Debt Relief, NPLs
35:37 - Greek Minister of Economy and Development Dimitri Papadimitriou discusses the Greek bailout, the timeline for debt relief, non-performing loans and his outlook for the economy. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)