Greek Crisis: The Drama Continues
As markets react to Greece’s latest standoff with the European Union, Knowledge@Wharton has produced a series of articles to shed light on what a Greek default — or potential exit from the euro — means for Greece, the eurozone and global markets.
Wharton finance professor Jeremy Siegel says the impact of the Greek debt crisis, while dire for the country and its citizens, will be restrained.
Events in the eurozone have quickly moved from threats to market shock. Wharton’s Mauro Guillen discusses what is likely to unfold. “There is no other way to describe the situation except as chaotic. This is almost like ‘The Twilight Zone.’”
The chaos of eurozone negotiations with Greece is raising questions about Europe’s future. An image of a continent in decline is being burnished, say experts from Wharton and elsewhere.
Despite the turmoil in Europe about Greece, U.S. investors should see only limited impact on their portfolios, at least in the short run. But there could be complications in the long term.
No matter how the Greek drama ends, Europe and the euro will survive, writes Peter Vanham, senior media manager for the World Economic Forum, in this opinion piece.
How Germany Can Make or Break the Euro (March 17)
Why Europe’s Problem Is Everyone’s Problem (February 4)
How a Greek Exit Could Impact the Eurozone (January 8)