Credit Institute: Eurozone may not survive, warns panel

Geoffrey Wood, Cass Business School (r) and Theodora Zemek, Axa IM

The Eurozone faces short- and medium-term challenges that may tear it apart, panellists said during the inaugural Credit Institute meeting on sovereign risk, held in London on March 23.

During a discussion on whether Europe faces a debt crisis, Charles Dumas, chairman and chief economist of Lombard Street Research, warned that governments cannot continue borrowing indefinitely.

“The result of what we’ve seen is that Club Med countries and Ireland will head into fresh recessions. Basically, what