The last week saw the eurozone rapidly spiral towards the brink of meltdown, days after it seemed as though a meaningful crisis response was upon us. Although the market response to rumours of a Greek referendum on its second bailout package proved premature, the risk of a ‘disorderly’ default for Greece is at its highest ever. Mark Schaltuper, BMI’s Head of Europe Country Risk & Financial Markets is joined by Global Economic Strategist Tim Cooper to digest the past week’s turbulent developments.
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