02.07.2015 - Would Grexit spell disaster for Europe's single currency?
The prospect of Greece leaving the euro has sent shock waves, not just through Greece, but also the eurozone. Greeks can look to the examples of Argentina and Iceland to see what experience may await them after default and devaluation. But the fate of the eurozone is more complex and uncertain. With Greece making up less than 2% of the eurozone's gross domestic product (GDP), its exit might not have much of an immediate impact. Most economists expect the European Central Bank (ECB) would step in to support bond prices against market speculation targeting the weaker euro members...............................................Full Article: Source
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