Worst-Case Scenario for Greek Debt Dilettantes? Contagion for Portugal, Italy
08-Feb-12 10:52
[ Programme Segment: Market Watch ]
Michael A. Yoshikami, the CEO and Founder-Chairman of YCMNET Advisors, discusses:
- Posturing by Greek politicians who are dismissive of the cuts being demanded by its creditor neighbours;
- Worst-case scenario of a disorderly default;
- Deutsche Bank CEO Josef Ackermann's views of “a new Pandora’s box” in the eurozone crisis - contagion to Portugal and Italy as a very real possibility;
- China’s extension of financial aid to the Eurozone versus its politically charged dimensions back home;
- Whether this obstacle will result in a tepid approach by the Chinese;
- Rates outlook - Asian central banks and wait-and-see stance - interest cut in China expected - Australia RBA unexpectedly leaving policy rate unchanged - poor trade numbers across Asia - outlook for global shares.
Duration: 5m 16s Filesize: 1.82 Mb
Write a comment