The life of Shakespeare’s Hamlet is underpinned by a single, unwavering certainty – that he will succeed his father on Denmark’s throne. When his uncle takes the crown instead, the young prince is plagued by doubts and possibilities – suddenly, it seems, anything can happen.
Banks now find themselves in a similar situation: the conviction that eurozone governments are risk-free has been overturned, and the world suddenly looks very different. If Greece can default, so can Portugal – maybe even S
The week on Risk.net, December 9–15 2017Receive this by email