Jevons Global

CNBC: Greek debt not repayable in this lifetime

Published by Protothema on Mon, 02/23/2015 - 20:16

Jevons Global founder and CIO Kingsley Jones point blank told CNBC on Monday that the Greek debt “is not repayable in this lifetime”.

“We have to be realistic here. Greek debt is now 175 percent of gross domestic product (GDP); it’s higher than it was when this whole business first started,” he emphasized.