Michael Spence, professor of economics at New York University’s Stern School of Business thinks the risks in Europe needs socialization in the short-term. The Eurozone is going to stand or fall depending on the reforms they undertake in Spain or Italy. Unfortunately, those reforms will take time to show the results. Borrowing costs however remain the dominant problem right now …
Greece May Exit Eurozone By October, Says One Analyst
Greece goes to the polls on June 17, which many see as a referendum on the single currency. The previous election failed to generate a consensus as people rejected austerity measures and there was a fractured mandate, necessitating another round of elections. Citigroup says Athens will leave the EZ in January. However, Paul Krake, the founder of View from the …
Are We Turning Overly Bearish Over Europe?
With the endgame in Europe over Greece in sight, are the markets overly worried about a possible euro breakup following Athens’ exit? Karen Olney, head of thematic equity strategy at UBS AG certainly doesn’t think so. Europe still provides tremendous value and global investors have not capitulated yet though there are specific calendar risks involved (e.g. – Greece election on …