Consult the Oxford English Dictionary. Europe, and de facto, the rest of the world is living through a tragedy: an event causing great suffering, destruction and distress, such as a serious accident, crime or natural catastrophe.
While some may be inclined to see it as tragic-farce, no one is likely to be laughing if (when) the eurozone implodes. Hedge funds are clearly a pessimistic –or realistic – lot, with most managers clearly betting on a Greek exit of the union.
Even if somehow a major meltd
The week on Risk.net, December 9–15 2017Receive this by email