15th Mar – Financial crisis fears: EU’s eurozone ‘polluting’ world with ‘collateral risk’ says expert

The eurozone is “polluting” the rest of the world with “collateral risk” which could trigger a disastrous financial crisis dwarfing that of 2007/2008, a leading financial services lawyer has warned.

Barney Reynolds, a partner at Shearman and Sterling LLP, castigated the bloc for running a currency they “can’t afford” – and said it was only kept in check by the Bank of England, which will not be in a position to do due such due diligence after the UK severs ties at the end of the year. Mr Reynolds was speaking after the publication of Managing Euro Risk, a paper which he co-authored with David Blake and Robert Lyddon, and which he launched, along with former Conservative Party leader Iain Duncan Smith, at the House of Commons last month.

Click here to read the full article

Read Barney Reynolds’s recent co-authored publication with Politeia here: Managing Euro Risk: Saving Investors from Systemic Risk’

Leave a Reply

Your email address will not be published. Required fields are marked *