Greece’s Wings of Wax—Will Greece Default, and What’s Next for the Euro?

Jacob Kirkegaard breaks down the Greek debt crisis

Investment Advisor
May 5, 2010

Questions surrounding Greece’s solvency and the resulting fallout continue to grow. In recent days, more than one commentator has openly asked if it’s the beginning of the end for European common currency.

“Not so fast,” says a prominent currency fund manager, who’s actually in the process of buying euros. He argues that whatever happens, it will provide needed clarity and will positively impact currency markets.

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