Michael Platt, founder of the $30 billion hedge fund BlueCrest Capital Management LLP, talks about the European debt crisis, euro-zone banks and investment strategy. He spoke with Erik Schatzker and Stephanie Ruhle on Bloomberg Television’s “InsideTrack.”

“The level of concern of what we have about what is going on in Europe is absolutely huge,” Platt said. “I mean, you see evidence all over the markets these days that the pricing for the potential of a eurozone break up, is distinctly non-zero, contrary to what everything is said by policy makers and by central bankers. … [I]f you look at the debt of, say, Italy, at 120% of GDP, which is increasing at a real rate of 5% … and you look at the GDP, which is now forecast for next year to be declining at 0.5%, arithmetically that means that debt is going to blow up.”

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