Spanish and Greek banks under the spell

Spanish and Greek banks under the spell


Despite the news about central banks in the US, Britain, Switzerland and elsewhere erecting firewalls to protect their home financial systems from a possible ‘Grexit’ (Greek exit) from the Eurozone, the truth is that apart  from the bank and corporate default domino such a eventuality may trigger, the very fact of a Eurozone country's exit will irrevocably put a spell on the single currency, and undermine the future of the entire project of the single European money.

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