Bank Warns On Risks Of Euro Currency Breakup [Headlines]
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.
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