Jitters about the euro zone have roiled financial markets this week, sending the rand reeling and causing foreigners to dump SA bonds. As Spain and Greece move to the forefront of concerns about the global economy, the million dollar question is: How will these countries’ problems play out?
The so-called Grexit — a term coined by Buiter — would most likely take place by early 2013.
The renewed fears about a euro zone break-up may come as Continue reading “Cutting off Greece from Euro !! Grexit”