News How Greece Could Create Another Round of Systemic Risk Pt 2

How Greece Could Create Another Round of Systemic Risk Pt 2

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How Greece Could Create Another Round of Systemic Risk Pt 2

This is a continuation of my first essay, How Greece Could Create Another Round of Systemic Risk Pt 1. That essay focused on how Greece, while a small player in the Eurozone, could trigger another round of systemic risk as a result of the interlaced European banking system.   Now this is where things get REALLY tricky. Because of the intertwined nature of the derivatives market, a Greek default ...

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