Queen's University

Debt market crisis

2010-05-25

Queen’s University School of Business professor Louis Gagnon is available to discuss the current debt market crisis and what has been dubbed “one of the most volatile days in the stock market’s history.”

“Greece is to this debt market crisis what Lehman Brothers was to the credit market meltdown of 2008,” says Professor Gagnon. “Investor confidence is down, volatility is up, and the Greek debt crisis is spreading to other vulnerable economies in the Euro-zone, namely Spain, Portugal, Italy, and Ireland. The $140 billion rescue package cooked up by the IMF and members of the European Union to address the Greek problem has done nothing to calm markets. Now, the question is: if Europe cannot fix the Greek problem, will it be able to deal with a full-blown debt crisis?”

Professor Gagnon (who speaks French and English) is an expert on capital markets and risk-management. He developed risk-management methodologies and policies during his stint in senior management at the Royal Bank of Canada.

To arrange an interview, please contact Kristyn Wallace at 613.533.6000 ext. 79173 kristyn.wallace@queensu.ca or Michael Onesi at 613.533.6000 ext. 77513 or michael.onesi@queensu.ca, at News and Media Services, Queen’s University in Kingston, Ontario, Canada.

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