CNBC Worldwide Exchange on Greece

February 13, 2012 -As violence erupted in Greece, I guest-hosted CNBC’s Worldwide Exchange talking about economic policy challenges. Watch the video by clicking on the image below:

Michele Wucker on CNBC Worldwide Exchange

Europe’s Debt Crisis: CNBC Video and Commentary

I’ve been arguing that Europe needs an orderly debt restructuring for Greece to avoid much worse consequences.¬† There’s video below of my guest host appearance on CNBC’s Worldwide Exchange with Nicole Lapin May 23, 2011, discussing the challenges facing Europe as it struggles with Greece’s debt crisis.

A CNBC follow-up article, “Will Eurobonding Save the Day?” further discussed a proposal which I support -originally made by the Brussels-based think tank Bruegel- to pool European debt into a more liquid Euro-bond. Actually, it would involve two kinds of Euro-bonds: senior “Blue bonds” representing debt under 60% of each nation’s GDP, and junior “Red bonds,” for higher amounts, which would trade at much higher yields reflecting the increased risk.¬† The Bretton Woods Project also has cited my argument for an orderly pre-emptive default in a June 13 article, “IMF’s European Austerity Drive Goes On Despite Failures and Protests