1. Market Watch.
- Author
-
Marklew, Victoria E.
- Subjects
GROSS domestic product ,FINANCIAL deepening - Abstract
The article offers advisory opinion regarding the claim that a wider collapse would likely mean real gross domestic product (GDP) contraction of between 5% to 10% or higher for the former euro-zone members. Northern Trust claims a wider euro-zone collapse could mean anything from the withdrawal of a few countries, perhaps Spain and Portugal, to the retention of just a euro-core built around Germany and a few others. Another opinion cites the return to gold as the ultimate safe-harbor asset.
- Published
- 2012