NZ central bank sees 10% chance of Eurogeddon

Thu, 14 Jun 2012

By Paul McBeth June 14 (BusinessDesk) - The Reserve Bank of New Zealand is giving a meltdown in Europe a one-in-ten-chance where multiple nations are forced out of the economic bloc and global funding markets freeze up. Governor Alan Bollard told Parliament's finance and expenditure committee there's a 10 percent chance of countries on the periphery of the euro-zone exiting the bloc and toxic Spanish and Italian debt seeps into European powerhouses France and Germany. "The real concern in both Europe and around the world is could a Greek e...

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