Citigroup's top economist Michael Saunders has forecast Greece will exit Europe's single currency on 1 January 2013, and its new currency will immediately depreciate by 60%.
Saunders based his views on the belief any Greek government formed from elections on 17 June will fail to implement the appropriate austerity measures. A note to clients put the likelihood of Greece...
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An estimated £2.75bn
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
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