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Europe will be a 'catastrophe' without a solution
Europe's debt crisis has dragged on for nearly two years and has only intensified by the day as leaders fail, time and time again, to deliver a credible solution. Yet investors and economists continue to bank on a big breakthrough. Why? "Because without one, we'll be left with a complete and utter economic catastrophe," said Nick Kounis, head of macro research at ABN AMRO, speaking Wednesday at the annual Capital Link investor forum in New York. While experts have prudently crafted contingency plans in case the euro area suffers a breakup, they don't expect that dramatic scene to play out. "If the euro were to ... (full story)
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