In Midst of Euro Crisis, Lost in a Fog of Data
If Greece were to descend into disorderly default, how big would the financial hit be? That question has been stirring up intense debate in the markets; and, of course, among regulators too. With negotiations about Greek debt having dominated the headlines, it has been important to understand the “what if” scenarios.
But amid the number-crunching, there is a bigger question too: just how much information is really available about the likely impact of any Greek shock?
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