Ciaran O'Hagan of SocGen on market 'schizophrenia'

Part 3 (recorded on Thu 28 April 2008): The central banks have taken strong action to tackle the credit crisis, but we're still waiting for the "crunch to hit the consumer", according to Ciaran O'Hagan, head of Paris interest rate research at Société Générale. He says the crisis is also hitting lower rated countries such as Italy and Greece.