Bill Rhodes on Europeans

William R. ("Bill") Rhodes is probably the world's most competent expert on sovereign debt reschudulings. In a recent interview with The Economist he said the following:

“One of the things: you’ve got to have the Europeans speak with one voice. You can’t have this bickering publicly because all it does is undermine the positions, scare the hell out of markets and make life a lot more difficult than it should be”.

Nothing needs to be added to this!