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Roubini Warns From A Total Collapse Of The Euro-zone After Greece's Elections
Noted American economist Nouriel Roubini warned from the total collapse of the euro-zone if funding to Greece gets suspended after the June 17 elections, Bild-Zeitung reported. "If the funding to Greece stopped, the country will collapse and many investors will get into panic. Then, a run on the banks in Portugal, Spain, and Italy will take place. Who pulls the plug on Greece will in turn provoke a total collapse of the euro-zone," the report quoted him as saying. To avoid this dramatic end, Mr. Roubini recommended either providing financial support for an orderly exit or keeping Greece in the euro-zone, while it ... (full story)
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