7. When Greece Does Fall
In the event of an exit, they (Greece) will default. And the loss given default will probably be very high, high enough to eliminate the ECB’s capital. They might need recapitalization from governments, who are not exactly in the best position to provide additional capital.
— Andrew Bosomworth, senior portfolio manager at Pimco.
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio