Thursday, 6 May 2010

Contagion From Greek Crisis to Spread to U.K.

The U.K. will be one of the next victims of the contagion from the Greek fiscal crisis after Spain, Portugal and Ireland, economist Jean-Paul Fitoussi said.

Fitoussi, chairman of the Observatoire Francais des Conjonctures Economique said at a conference in Rome that contagion “will hit Spain, Portugal, Ireland and the U.K. This is because there isn’t a real European Union.” He added that contagion “is marching on, it’s already here.” more...


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