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Banks, not sovereign debt, plague Europe: Odey

Jame DiBiasio
Hedge-fund manager Crispin Odey is short European banks, saying they are the real cause of the bloc's bleak outlook.
Banks, not sovereign debt, plague Europe: Odey

Crispin Odey, founder of London-based Odey Asset Management, says there is no economic reason for investors to own European banks, including those in Britain. It is a broken banking system that is at the heart of Europe's financial crisis, not sovereign debt, he says on a recent visit to Hong Kong.

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