Page last updated at 09:14 GMT, Tuesday, 15 November 2011

'Only massive debt restructuring can save EU'

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Kyle Bass is a hedge fund founder who saw the financial crisis coming and made a fortune from it - first from America's sub-prime mortgage crisis and then from betting that Greece would default.

Mr Bass told Sarah Montague that Germany cannot be expected to bail out the PIIGS countries - Portugal, Ireland, Italy, Greece and Spain, and that only a massive write-down in those countries' debts will solve the crisis.

You can watch the full interview on BBC World News on Tuesday, 15 November at 0930, 1530 and 2130 GMT and on BBC News Channel on Tuesday, 15th November 2011 at 0430 GMT and on Wednesday, 16th November 2011 at 0030 GMT.

Find out who is coming up on the programme by following us on Twitter.

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