JP Morgan estimates the likelihood of a euro zone breakup is less than 20%, the implications are significant enough to merit preemptive planning.

Investors and companies should at a minimum hedge the bulk of their exposure to the euro because Europe's banking system would collapse and global economic misery would follow if the euro zone falls apart, J.P. Morgan Chase & Co. warned in a report on Wednesday.

WSJ

UP YOUR QUOTA FOR JUST $15 A MONTH
PSFK’s Premium Subscription provides access to a database of over 100,000 articles featuring new ideas, interviews, analysis and opinion on the latest innovation in brand, customer and retail experience.
Already a subscriber? Log in
(powered by Wallkit)