William R Rhodes - Senior Vice-Chairman Citibank (1991-2010)
The new Greek government wants its EU and IMF creditors to soften the terms of its bailout deal, which has heaped austerity on its people. Meanwhile the Spanish government wants its banking debt crisis to be seen as separate from the state of its public finances. The EU is struggling to find solutions as the markets wonder what will happen next.
Zeinab Badawi talks to Bill Rhodes: for 53 years he worked at Citibank, negotiating behind the scenes in helping to rescue banks during the Latin American and Asian bank crises as well as restructuring the debt of countries. What is his advice to Europe?