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Archive for June, 2012

We must avoid an accidental Greek Euro exit

With the Greek election on Sunday the debate and speculation around what a Greek exit from the Eurozone, and possibly the EU, would mean is reaching fever pitch. Unfortunately, the analysis has for the most part been rather short sighted, mostly in the form of detailed, but doomed to be inaccurate, calculations trying to forecast what bank will be hurt the most or the least or how much the ECB would suffer. In yesterday’s FT, we finally saw some sober analysis in the Euro debate from Moritz Kraemer, head of EMEA sovereign ratings at Standard & Poor’s. Read more…

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