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Will the Eurozone Survive the Latest Greek Tragedy?
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Will the Eurozone Survive the Latest Greek Tragedy?

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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Events in the eurozone have quickly moved from threats to market shock. But Wharton management professor Mauro Guillen still sees a better than 50% chance that Greece will still be a member of the eurozone a month from now. Either way, the euro and rest of the eurozone itself are likely to remain intact for the foreseeable future, he adds. In this Knowledge at Wharton podcast, Guillen discusses how events are likely to unfold. “There is no other way to describe the situation except as chaotic. This is almost like The Twilight Zone .” An edited transcript appears below. Knowledge at Wharton: It’s been a hectic weekend. The Greek banks have closed. The ECB began to freeze lending to the banks, and that’s what forced that issue. There’s now a referendum in Greece scheduled for next Sunday to decide whether it should stay in the eurozone or not. And of course, markets are reacting. Some are saying that this could even be the beginning of the end for the eurozone, and even the euro.…

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