Jun 13, 2012

Greek Elections: Everything Will Depend On How Europe Reacts

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.