Everything will depend on how Europe reacts. 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. - in AGI.it
Related: National Bank of Greece (ADR) (NYSE:NBG), Banco Santander ADR (STD), Banco Bilbao Vizcaya, UniCredit SpA (BIT:UCG), Banca Monte dei Paschi di Siena SpA(BIT:BMPS), Banco Comercial Portugues SA(ELI:BCP), Banco BPI SA (ELI:BPI), Banco Espirito Santo SA(ELI:BES)
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.
