Wednesday, February 1, 2012

Moorad Choudhry: No such thing as an 'Orderly Withdrawal' from EU

Moorad Choudhry is the head of business treasury at RBS
"People talk about an orderly withdrawal from the euro zone, no such thing, you can have a withdrawal but the instant you announced it you'd have a bank run in that country and then of course that would have a knock-on effect on the rest of the EU's banks"

No comments:

Post a Comment