European screens across the board were in the red after news came in that Greece would be unable to meet its deficit targets, sparking fears that a Greek debt default was just around the corner. European banks took a beating too in the event of a default situation in the region. The euro moved lower to the dollar and yen.
In an interview with CNBC-TV18 Martial Godet, Head of Investment Management New Markets at BNP Paribas talks about his reading of the situation in the volatile Euro region and what the next could possibly be for investors. Below is a verbatim transcript. Watch the accompanying video for more. Q: Do you think Trichet with his term ending this month could talk about a possible rate cut in this Thursday
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