Greece entering its own great depression
Greece is “about to dive into a Great Depression”, according to emerging markets specialists at GLG Partners.
Karim Abdel-Motaal, managing director and co-manager of the company’s emerging markets investment program, says the demise of Greece means “the Eurozone is now going to come face to face with what it means to have a common currency area, but different agents in it”.
AdvertisementGreece came under fire from the European Commission last week in a report claiming the country had mis-stated its public finances.
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