How will the european debt crisis affect the financial markets?
The euro is under pressure and especially Greece's economic situation is drawing focus to the European debt crisis. Furthermore the financial turmoil is also spreading to countries like Portugal and Spain.
Global strategist Ib Fredslund Madsen discusses three scenarios on how the situation may evolve:
1) The market is experiencing a minor correction, and will stabilize itself after a relatively short time.
2) We will experience a smaller financial collapse. It will probably not be too severe, at will rectify itself in the foreseeable future.
3) Worst case scenario: The euro collapses and heavily indebted countries like Greece, Portugal and Spain come close to default. Financial alternatives to the euro will have to be considered.
Global strategist Ib Fredslund Madsen discusses three scenarios on how the situation may evolve:
1) The market is experiencing a minor correction, and will stabilize itself after a relatively short time.
2) We will experience a smaller financial collapse. It will probably not be too severe, at will rectify itself in the foreseeable future.
3) Worst case scenario: The euro collapses and heavily indebted countries like Greece, Portugal and Spain come close to default. Financial alternatives to the euro will have to be considered.
