Airtime: Fri. Mar. 26 2010
“Letting Greece down would have been similar to the mistake of letting Lehman Brothers down at the time,” Hungarian Prime Minister Gordon Bajnai told CNBC Friday after a deal was reached to backstop the country’s debt.
The problems banks have with mortgages will take a long time to be solved and bank stocks are not attractive despite the recent drop in price, Jim Rogers, chairman of Rogers Holdings, told CNBC Wednesday.
Ngozi Okonjo-Iweala, managing director of World Bank, forecasts developing countries will grow 6% in 2010, twice the rate of developed countries. She speaks to CNBC’s Chloe Cho about the imbalances in global growth.
CNBC’s Rick Santelli has the breakdown of the economic data and analysis with Tony Crescenzi, Pimco senior VP/market strategist & portfolio manager; Barry Knapp, Barclays PLC head of U.S. portfolio strategy; Frederic Mishkin former Federal Reserve Board governor and CNBC’s Steve Liesman.
“This year we are expecting moderate growth… The discovery we made last year was that export dependence is also vulnerability,” Danilo Turk, the president of Slovenia, told CNBC Friday. The recent weakness of the euro is a good thing for Slovenia, he added.
U.S. jobless laims fell 11,000 week ending Oct. 2, with CNBC’s Rick Santelli & Steve Liesman.
The UK government unveiled a new tax on banks in its emergency budget Tuesday. David Pitt-Watson, chairman of Hermes Equity Ownership Svcs, and David Kuo from The Motley Fool have analysis.