Eurozone: From Greek Crisis To Global Weak Link
The outlook for the eurozone is looking steadily worse. Key European economies have thus far failed to capitalise on the bounce in headline growth seen in the US and emerging markets. Concomitantly, a brewing sovereign crisis in Greece has highlighted serious problems of overleverage in Portugal, Spain and Italy. On this week’s podcast, Business Monitor Chief Economist Tim Cooper and Head of Country Risk & Financial Markets Justin Patrie discuss their outlook for the eurozone, ranging from the immediate risks of a Greek default, to the shape of the recovery and 10-year growth outlook.
May 4th, 2010 at 8:30 pm
The real danger is not wthether Greece or even the Eurozone survives. The real danger is whether a new world war will take place in Europe. The whole point of the creation of the European Coal and Steel Community and its successor the EEC and then EU was to unite the continent to make another world war unthinkable. If Grrece, Portugal, etc are forced to leave, then the EU will fall apart, and war will no longer be unthinkable. That is what has kept me awake during the Greece debacle. If even peaceful, rich, and tiny Belgium is at risk of break up, what hope is there for the EU?!