Eurozone bailouts exacerbating the problem – John Redwood interview

The MP and chairman of the investment committee at Evercore Pan-Asset says bondholders must learn to stomach restructurings of eurozone sovereign debts, and that while the immediate bond market outlook is sluggish, it is emerging markets which offer the natural focus

John Redwood: bondholders should take some pain

John Redwood’s views on Europe are well-known from when he stood against John Major for leadership of the UK’s ruling Conservative party in 1995. Redwood stood on a Eurosceptic ticket, arguing that Britain should not join the single currency. In the event, he lost the party vote and John Major struggled on until the 1997 election, when the Conservative party lost power.

But Redwood also watches Europe with an investor’s hat. As chairman of the investment committee at Evercore Pan-Asset in London

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