Geopolitics

UBS CEO warns ‘hard measures’ are needed to tackle French debt crisis, as turmoil worsens - CNBC

Source: CNBC

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DW NOTE

UBS knows France's fiscal path ends in restructuring — the question is whether Paris admits it before or after the bond market forces the issue. A CEO calling for "hard measures" means the bank is pricing in default risk and wants someone else to take the political heat for the haircut.

Read the full story at CNBC →

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