Greece Will Need Official Funding Forever

"Too big a haircut on Greece could make investors wary about the other sovereign markets in Europe, on the other hand there's also a realization at the official level that Greece will need official funding forever and if there's not a big enough haircut, the burden on the EFSF on funding Greece will be too high," Michala Marcussen, global head of economics at Societe Generale Asset Management, Societe Generale Corporate & Investment Banking told CNBC Tuesday.
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Tue, Oct 25 20112:00 AM EST