“The European economy resembles a “slow motion train wreck” that will end with Greece leaving the eurozone, says New York University economist Nouriel Roubini.
In recent elections, Greece’s leading political parties failed to muster enough votes to form a coalition government that would favor staying the course with austerity measures in exchange for bailout money.
Calls to scrap austerity are growing, even if such policies mean shut off the flow of bailout money, which is roiling currency and stock markets worldwide.”
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