Earlier today, international news media were abuzz with reports that protesters attacked Greek Finance Ministry offices in Athens, just as parliament members were voting on austerity measures designed to counter the country’s debt crisis. So how would a leader in international debt crisis advise Greece on its current financial issues?
William Rhodes, former senior vice chairman and senior international officer of Citigroup and Citibank, is no stranger to debt crises, having shared a negotiation table with the likes of Robert Mugabe and members of Nicaragua’s Sandanista party–these stories and a half-century of insight are covered in Banker to the World, Rhodes’s personal narrative of his role as a key actor in some of the most visible and difficult financial situations of the last half-century.
In an insightful discussion with WNYC’s Leonard Lopate, Rhodes talks about the problems specific to Greece’s debt difficulties and the reasons behind them. He also discusses the speed and interconnectivity of the global markets, America’s looming debt ceiling battle, and much more.