The Traderszone Network

Published in TZ Latest News 31 January, 2015 by The TZ Newswire Staff

Greeks Turn to Gold on Bank Bail-in and Drachma Risks

The Greek stock market is down over 36% year to date; the risk of global contagion in the event of a Greek exit is very real. Ordinarily such a crisis would require a massive coordinated effort from global stakeholders, perhaps directed by the IMF or some other pan-national financial body. But not in this case; the rhetoric is nationally-based and biased without unity of purpose across finance ministries.

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