Fears that the eurozone’s firewall will prove insufficient to shield Spain and other embattled countries against the effects of a possible disorderly Greek exit from the currency union hit European financial markets on Monday. Spanish and Italian 10-year borrowing costs shot up to their highest levels this year and European stock markets suffered their biggest one-day drop in three weeks.
Relentless worries over a possible Greek exit from the euro zone checked European stock markets. ||| Relentless worries over a possible Greek exit from the euro zone checked European stock markets on Friday after a brief rally follo... Read Post
According to some, the next Lehman-like event will be none other than a Greek exit from the Eurozone, especially if not firewalled, or in other words, disorderly. Considering how effective the Eurozone has been to date at anything o... Read Post
International banks are making contingency plans for a massive exit from Britain if the country ever votes to leave the European Union in a referendum, the Financial Times reports. Bank of America Merrill Lynch, Citigroup and Morgan... Read Post