ekathimerini.com, in its January 13, 2012 article, reports that A Fund sees Zimbabwe-style inflation if Greece exits euro.
Extract :
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A
Greek exit from the euro zone would be worse than catastrophic and could
provoke greater social unrest, Zimbabwe-style inflation and a military coup, said
London-based hedge fund firm Toscafund.
In a
stark note to clients, chief economist Savvas Savouri said introducing a new currency instantaneously
in the wake of a euro exit would be impossible and the delay would lead to
«a run on banks and evacuation of capital that would make what has
already been seen as nothing by comparison».
"The
word catastrophic would not do it justice enough,»
said Savouri, who comes from a Greek Cypriot
background.
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