Kyle Bass the man who made money after shorting subprime is now betting against Europe.

He made has already made millions from the credit crunch and will have 650x return from a Greek default.

Kyle Bass became bearish in early 2006, and saw how the debts would spread from the banks to the Governments

He is now betting against France and Japan.

He is very bearish on Japan, which now spends 50% of revenue on interest. If interest rates rise 2% it will be 100% of Govt. revenue.

Kyle Bass was on the BBC for a rare interview where he discussed the European crisis.

Full video is embedded below.