Restructuring Europe's Debt - CNBC Interview with Kyle Bass

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Dec 22, 2011
Kyle Bass believes that, save for an increased centralized taxing authority, fixing the current monetary system in Europe will not work. "In the end, the picture is so large, and the leveraging in the banking system is so enormous, that when you start delevering, there is no way out of this scenario," says the Hayman Capital Management managing partner.