The Euro is 'Virtually Dead' Warns Szalay-Berzeviczy
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Some of the most shocking comments to date on the situation in Europe, Wednesday, as Attila Szalay-Berzeviczy, global head of securities services at UniCredit SpA and former President of the Budapest Stock Exchange said the euro is "virtually dead."
In an op-ed piece at Index.hu, Szalay-Berzeviczy said the euro is "doomed" and the only open question is "how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece's spirits."
When Greece is declared bankrupt a "magnitude 10 earthquake" will shake Europe, he said.
When this happens, Greek teachers, doctors, police, army and other government employees will not receive a salary and ATMs will be emptied across the country in minutes.
The impending disaster in Greece with not end at its borders, he warns. It will shake the "entire euro zone, Europe, and finally the world."
Link to the op-ed.
In an op-ed piece at Index.hu, Szalay-Berzeviczy said the euro is "doomed" and the only open question is "how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece's spirits."
When Greece is declared bankrupt a "magnitude 10 earthquake" will shake Europe, he said.
When this happens, Greek teachers, doctors, police, army and other government employees will not receive a salary and ATMs will be emptied across the country in minutes.
The impending disaster in Greece with not end at its borders, he warns. It will shake the "entire euro zone, Europe, and finally the world."
Link to the op-ed.
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