Jun 19, 2012

The Euro Zone Banking System Is Becoming Balkanised

The euro zone banking system is becoming balkanised, as cross-border and inter-bank credit lines are cut off, and capital flight could turn into a full run on periphery banks if, as is likely, Greece stages a disorderly euro exit in the next few months. - in Today Online

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.