Saturday 3 December 2016

What Greek default would really mean for us -- and for Europe

Ex-trader Peter Brown tells Ronald Quinlan that the worsening crisis in Greece could actually be good news for Ireland

Published 26/06/2011 | 05:00

DON'T panic. Taoiseach Enda Kenny says he has received assurances from Europe that there will be "no serious consequences" for Ireland in the event that "anything untoward" happens in the case of Greece.

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But what if something 'untoward' were to happen to Greece, such as the dreaded Greek default that Mr Kenny and his fellow European leaders refuse to countenance? What would it mean for Europe and more to the point, for us?

These are the questions that Peter Brown, a former bond trader with Barclays Bank, is asking as the Greek and wider European economic crisis enters into its end game. And they are questions Brown says he hopes our Government has the answers to already as the Mediterranean country teeters on the brink of bankruptcy.

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